Iran oil exports to plummet, but rebound on the way as buyers use waivers


SINGAPORE: Iran’s oil exports have fallen sharply since US President Donald Trump said at mid-year he would re-impose sanctions on Tehran, but with waivers in hand, the Middle Eastern nation’s major buyers could scale up orders as soon as next month.

The original aim of the sanctions was to cut Iran’s oil exports as much as possible, to quash its nuclear and ballistic missile programmes, and curb its support for militant proxies, particularly in Syria, Yemen and Lebanon.

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