Oil market analysts said that Reducing the number of waivers will limit oil exports from Iran, the fourth-largest producer in OPEC, but the US should forget its goal of bringing Iranian oil exports to zero.
Iran's oil minister Bijan Namdar Zanganeh has described recent OPEC meeting in Vienna as another defeat for the U.S. in its anti-Iran policies.
India will import crude oil from Iran using a 50% rupee-based payment and 50% export commodities mechanism.
Iran exempted from the OPEC member deal to cut oil production of 1,200,000 barrels per day.
Iran's oil Minister, Bijan Zangeneh after first day of 175 OPEC meeting conference insisted that "Iran will not join any agreement for output cut as long as sanctions are not totally eliminated."
Iranian oil Minister, Bijan Zangeneh says it's not fair during imposed sanctions to ask Iran to further cut its oil production.
Holding a press conference in Singapore after his participation in the 13th East Asia Summit (EAS) and the Russia-ASEAN summit, Russian president said he had discussed with Us president over "oil prices" when he was in Paris.
Deputy Foreign Minister of the Russian Federation Sergei Ryabkov said that, the US will not achieve its' goals by anti-Iran sanctions.
A senior Indian official has confirmed that India will keep buying Iranian oil for November supply.
The German government authorized the use of strategic oil reserves in order to mitigate the consequences of disrupted oil delivery.