Trump admin. says it will scrap all waivers that allowed 8 governments to buy Iranian oil without facing US sanctions — a move designed to choke off Tehran's oil revenue.
in oil prices. Brent crude, the international benchmark for oil prices, rose $2.26, or 3.1%, to $74.23 per barrel on Monday.
In a sharply worded tweet, Turkish Foreign Minister Mevlut Cavusoglu criticized the Trump administration's policy shift, which was first reported by the Washington Post on Sunday. "I can confirm that each of those suppliers are working directly with Iran's former customers to make the transition away from Iranian crude less disruptive," Pompeo said.
Pompeo said current sanctions have already damaged Iran's finances and deprived its partners in Syria and Lebanon of cash. Behnam Taleblu, a senior fellow at the Foundation for the Defense of Democracies think tank which favors tough sanctions on Tehran, said he was not surprised by Iran's dismissive response to the decision not to reissue the waivers.
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