The US may give exemptions to some Iranian oil purchasers

The U.S. will grant waivers “on a case-by-case basis” to countries reducing their purchases of Iranian oil after American sanctions are re-imposed on Nov. 4, the State Department’s Brian Hook said on Monday. While the US goal is to increase pressure on the Iranian regime by reducing its oil revenues to zero, he said that countries reducing their imports could get relief. DEBKAfile: The Trump administration has softened its announced total embargo on Iranian oil exports in return for the consent of China, Japan and India, the biggest importers of Iranian oil, to cut down on their purchases.