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Buyers of Iranian crude oil are hoping to get relief from US sanctions in order to have more time to reduce their purchases. Oil prices hit record highs last week after US officials announced that the government would act to reduce Iran's exports faster than expected and that all countries and companies that continue to buy Iranian oil could reduce imports on a case-by-case basis "
Brian Hook,
the director of policy planning at the State Department, told reporters at a briefing, in response to a question about the plans of India and Turkey to continue to buy the Iranian oil.
Hook said sanctions targeting the Iranian auto sector and major metals exports will be reinstated on Aug. 6, while oil sanctions will follow Nov. 4, as previously reported by the administration. He reiterated earlier statements that the United States was aiming to wipe out revenues from Iran 's oil exports.
Mr. Mr Hook said the United States was working with countries in Europe and Asia to discuss the way forward. He said that the closest consultations were conducted with France, Germany and the United Kingdom. He declined to say which countries or companies were considered for waivers or requested assistance. "We are working to minimize disruption in the global market," The United States reinstated Iranian sanctions in May after being removed from the 2015 nuclear deal with Iran and five other countries. country. world powers.
Write to Jessica Donati at [email protected]
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