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Updated on: Sunday, June 02, 2019, 12:07 AM IST

US extends exemptions for Asian powers to Iran oil sanctions

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Washington: The United States today extended exemptions from sanctions designed to choke Iran’s oil exports to nine major economic powers, including China, Taiwan, India and South Korea.

The Obama administration ruled that the economies concerned had taken steps to reduce imports of Iranian oil, so their financial institutions would not face sanctions under US law designed to punish Tehran’s nuclear programme.

US extends exemptions for Asian powers to Iran oil sanctions

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Published on: Saturday, December 08, 2012, 02:25 PM IST
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