The U.S. State Department on Wednesday renewed six-month waivers on Iran sanctions for China and India and seven other countries in exchange for their agreeing to reduce purchases of crude oil from Iran “significantly,” Reuters reported today.
The waivers mean that financial institutions in the consumer countries do not risk being cut off from the U.S. financial system for the next six months. U.S. and EU sanctions have cut Iran's oil exports by about half since they went into force last year, driving Iran’s crude exports to their lowest level in decades.
US is a deadbeat impotent LOSER playing this face saving game since China has a perpetual middle-finger from the middle-kingdom. As Imam Khomeini said "Shataan e bozorg can't do a DAMN THING". Paranoid US police state is imploding and spying on its own sheeple let alone be taken seriously.
China's imports of Iranian has decreased in the past year and while Iran formerly was the country third on the list of China's oil suppliers, it has dropped to fourth and Russia now supplies more oil to China than does Iran.
" In a rare admission of the problems Iran faces, Maziar Hojjati, managing director of the China office of NIOC, said in an interview last week that shipping difficulties related to sanctions contributed to lower crude exports to China earlier this year. "
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