Iran has brushed off the Trump admin's decision to stop exempting countries from U.S. sanctions on its oil exports: 'Regarding the illegal status of the sanctions ... Iran basically has not seen and does not see any worth and validity for the waivers'
1 / 2Secretary of State Mike Pompeo speaks during a news conference on Monday, April 22, 2019, at the Department of State in Washington. The Trump administration on Monday told five nations — Japan, South Korea, Turkey, China and India — that they will no longer be exempt from U.S. sanctions if they continue to import oil from Iran. Secretary of State Mike Pompeo speaks during a news conference on Monday, April 22, 2019, at the Department of State in Washington.
In a message posted on Twitter Monday, Cavusoglu said:"Turkey rejects unilateral sanctions and impositions on how to conduct relations with neighbors." Ritterbusch and Associates, an oil trading advisory firm, said in a morning note that"a complete elimination of Iranian exports is nearly impossible and that a reduction beyond current levels will likely prove limited."
The decision means sanctions waivers for five nations, including China and India and U.S. treaty allies Japan, South Korea and Turkey, won't be renewed when they expire on May 2.
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