This article is from the source 'nytimes' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.nytimes.com/2018/11/02/world/middleeast/us-iran-sanctions-oil-waivers.html

The article has changed 4 times. There is an RSS feed of changes available.

Version 0 Version 1
U.S. Reimposes Sanctions on Iran but Undercuts the Pain With Waivers U.S. Reimposes Sanctions on Iran but Undercuts the Pain With Waivers
(35 minutes later)
WASHINGTON — The Trump administration announced the re-imposition of punishing sanctions on Iran on Friday, highlighting a hard-nosed foreign policy popular with Republican voters days before crucial midterm elections. WASHINGTON — The Trump administration announced on Friday it is exempting eight countries from bruising sanctions that the United States is reimposing against Iran, undercutting its economic punishment for what officials called Tehran’s destabilizing activity in the Middle East.
But the United States will undercut the economic pain intended to hobble Iran by waiving the sanctions on Iranian oil purchases for what Mike Pompeo, the secretary of state, described as eight “jurisdictions.” The announcement came on the eve of a long-announced Nov. 5 deadline for nations to cease importing Iranian goods or face the financial penalties. It highlighted the Trump administration’s hard-nosed foreign policy that is popular with Republicans, days before crucial midterm elections.
He did not identify which entities would receive temporary exemptions, but said they included two countries that are expected to end their imports of Iranian oil “within weeks.” He also said the list of waivers is far smaller than the 20 nations that were exempted from American sanctions under President Barack Obama, and that the Trump administration had demanded much greater concessions in exchange. Mike Pompeo, the secretary of state, did not identify the eight countries that were being granted six-month waivers but said they include two that are expected to end their imports of Iranian oil “within weeks.” The nations will have to re-apply for extended exemptions at the end of six months.
He also said the list of waivers is far smaller than the 20 nations that were exempted from American sanctions under President Barack Obama, and that the Trump administration had demanded much greater concessions in exchange.
The sanctions are “aimed at depriving the regime of the revenues it uses to spread death and destruction around the world,” Mr. Pompeo said. He added that he hoped to force changes that give “the Iranian people the opportunity to have the government not only they want but that they deserve.”The sanctions are “aimed at depriving the regime of the revenues it uses to spread death and destruction around the world,” Mr. Pompeo said. He added that he hoped to force changes that give “the Iranian people the opportunity to have the government not only they want but that they deserve.”
The final round of penalties target more than 700 businesses, individuals and other entities involved in Iran’s oil, banking, shipping, shipbuilding and insurance sectors. Mr. Pompeo and Steven Mnuchin, the Treasury secretary, jointly announced the return of all the previously imposed sanctions, which go into effect Monday, in a call with journalists.The final round of penalties target more than 700 businesses, individuals and other entities involved in Iran’s oil, banking, shipping, shipbuilding and insurance sectors. Mr. Pompeo and Steven Mnuchin, the Treasury secretary, jointly announced the return of all the previously imposed sanctions, which go into effect Monday, in a call with journalists.
The penalties were promised in May, when President Trump announced that the United States was withdrawing from the 2015 deal with world powers to limit Iran’s nuclear program.The penalties were promised in May, when President Trump announced that the United States was withdrawing from the 2015 deal with world powers to limit Iran’s nuclear program.
Already, oil buyers in Europe, Japan and South Korea have largely eliminated imports from Iran. But China, India and Turkey continue to make such purchases.Already, oil buyers in Europe, Japan and South Korea have largely eliminated imports from Iran. But China, India and Turkey continue to make such purchases.
Iran’s oil exports have plunged to 1.5 million barrels per day from 2.5 million barrels in May, according to administration officials. The economic squeeze has hammered Iran’s currency, the rial, which officials and experts say has since lost more than two-thirds of its value.Iran’s oil exports have plunged to 1.5 million barrels per day from 2.5 million barrels in May, according to administration officials. The economic squeeze has hammered Iran’s currency, the rial, which officials and experts say has since lost more than two-thirds of its value.
The penalties seek to force Tehran to end what the United States views as Iran’s destabilizing activities in the Middle East, including its support for Hezbollah in Lebanon, Hamas in Gaza and Houthi rebels in Yemen.The penalties seek to force Tehran to end what the United States views as Iran’s destabilizing activities in the Middle East, including its support for Hezbollah in Lebanon, Hamas in Gaza and Houthi rebels in Yemen.
Iranian leaders have insisted they have no intention of rewarding Mr. Trump’s decision to leave the nuclear accord by acceding to his demands or even opening a dialogue; just this week, Danish authorities accused Iran of attempting to assassinate an Arab separatist leader living in Denmark.Iranian leaders have insisted they have no intention of rewarding Mr. Trump’s decision to leave the nuclear accord by acceding to his demands or even opening a dialogue; just this week, Danish authorities accused Iran of attempting to assassinate an Arab separatist leader living in Denmark.
Whether Tehran will be able to hold out while its economy suffers is unclear. Iran undertook some of its most aggressive regional moves during the previous round of punishing sanctions between 2012 and 2015.Whether Tehran will be able to hold out while its economy suffers is unclear. Iran undertook some of its most aggressive regional moves during the previous round of punishing sanctions between 2012 and 2015.