Iran Press/America: Brian Hook noted that we did have to grant eight oil waivers in order to avoid shocking the global oil markets and causing a dramatic increase in the price of oil.
He also claimed that we have taken off roughly 1½ million barrels of Iranian crude, and we have avoided a price increase in oil, Bloomberg reported.
US point man of Iran added that the prior administration granted 20 oil waivers to 20 countries over three years. We are down to a handful of countries. There are 23 countries that used to be importing Iranian crude who are now at zero. So, Secretary [of State Mike] Pompeo was very committed to that.
US special representative for Iran also said that we don’t preview our decisions. The current oil waivers expire on May 2. And so the secretary, in consultation with the president, will make a final decision.
On May 2018, the US President Donald Trump withdrew from 2015 multilateral nuclear agreement, Joint Comprehensive Plan of Action (JCPOA), and re-imposed the sanctions that had been lifted under the accord.
Washington reinstated a series of unilateral sanctions against Iran in early August and re-impose a second batch in November which as Trump said the goal was bring Iranian oil export to zero.
But for neutralizing oil market shock and stopping rising oil prices, Washington grant waivers to eight Iranian oil buyers when the sanctions on oil imports started in November. exceptions granted for up to 180 days.101/202
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