Iran Doesn't Expect Oil Customers to Get Sanctions Waivers [Bloomberg Business News]
Royal Dutch Shell PLC Royal Dutch Shell PLC American Depositary Shares (Each representing two Class B Ordinary Shares) (RDS.B)
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Source: Bloomberg Business News
LISTEN TO ARTICLE 1:53 Iran said it doesn’t believe buyers of its oil will get waivers from the U.S. government that would allow them to continue purchasing cargoes after President Donald Trump’s renewal of sanctions. His comments came after American officials were said to have asked Japan to completely halt oil imports from Iran, going beyond the cuts demanded during previous Obama-era sanctions. Those curbs in 2012 removed about 1 million barrels a day of crude from the market, suggesting Trump’s restrictions could have a big impact on the market. Major international oil companies Royal Dutch Shell Plc and Total SA have halted purchases already, Iranian Oil Minister Bijan Namdar Zanganeh said Friday in a Bloomberg television interview. Oil companies "are having difficulty after U.S. pressure for money transfer, for transport insurance,” Zanganeh said. “I don’t believe they can receive a waiver from the United States. We are going to find
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