Life+News The Official News Portal of Independent Television Network Ltd

U.S. sanctions against Iran’s oil exports to start on Nov 5

ITN News Editor
By ITN News Editor November 4, 2018 12:37

U.S. sanctions against Iran’s oil exports to start on Nov 5

Washington will reintroduce far-reaching sanctions on Iran’s vital oil sales and banking sectors to try to force the Islamic Republic into negotiations to scrap its nuclear energy and ballistic missile programmes and end its support for proxies in conflicts across the Middle East. Iran has no fear of “new American threats,” Iranian President Hassan Rouhani said, referring to November 4, when a wind-down period imposed by Washington expires, after which certain sanctions will be re-imposed.

The Trump administration said that eight importing countries would temporarily be allowed to keep buying Iranian oil when sanctions come back into effect. Iran is the world’s No. 3 oil exporter.

ITN News Editor
By ITN News Editor November 4, 2018 12:37
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment
View comments

Write a comment

Your e-mail address will not be published.
Required fields are marked*

BUSINESS NEWS- VIEW ALL

SPORTS NEWS- VIEW ALL

ENTERTAINMENT- VIEW ALL