U.S. extends Iran oil sanctions waivers to China, India, Korea

[alp227]

Source: Reuters

Nov 29 (Reuters) - The U.S. State Department extended six-month Iran sanctions waivers on Friday to China, India, South Korea and other countries in exchange for their reducing purchases of Iranian crude oil.

The State Department is required by U.S. sanctions law on Iran's disputed nuclear program to determine whether Iran's oil consumers have reduced their purchases. The decision on waivers comes even after the United States and five other global powers agreed in Geneva this month to ease some sanctions on frozen funds on Iran in exchange for Tehran's taking steps to curb its nuclear program.

"We will continue to aggressively enforce our sanctions over the next six months, as we work to determine whether there is a comprehensive solution that gives us confidence that the Iranian nuclear program is for exclusively peaceful purposes," Secretary of State John Kerry said in a statement. (Reporting by Timothy Gardner; Editing by Sandra Maler)

Read more: http://www.reuters.com/article/2013/11/29/usa-iran-waivers-idINL2N0JE14020131129

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Full article at this moment. AP also has an article, US: Tough sanctions on Iran remain despite deal

Al Jazeera has an in-depth feature, US Congress wary of Iran nuclear deal

[dipsydoodle]

1. China and India have largely ignored the sanctions.

Big deal.

[PFunk]

4. Russia too from what I've read.

Which is why IMO I think this Iran deal (which is a good idea still) is nothing more than a face saving thing for the US.

[Comrade Grumpy]

2. Does the US think it rules the world?

[dipsydoodle]

3. They are delusional enough to believe so.

.

[bemildred]

5. That seems to be the current dogma.

(It sure as hell is not coming from experience.)