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India expected to get waiver from US sanctions against oil importers

 UNITED NATIONS, Nov 3: US President Donald Trump is expected to grant India an exemption from the sanctions against buying oil from Iran when the waivers will be announced on November 5.

Secretary of State Mike Pompeo said on Friday that the administration was giving six-month waivers to eight countries that he did not name. Pompeo said these countries have already taken steps to eventually cut their Iranian oil imports to "zero".

Sunday is the deadline for countries to stop buying oil from Iran and the sanctions are to take effect on on November 5 for those not getting the waivers.

"On November 5, the US will reimpose sanctions that were lifted as part of the nuclear deal on Iran's energy, shipbuilding, shipping, and banking sectors," Pompeo said. - IANS

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