India hopes for USA waiver on Iran

An Iranian and a European flag

The US plans to re-impose oil-related sanctions on Iran on November 4 to choke the Islamic Republic's biggest source of income and pressure it to renegotiate a new nuclear deal.

Iran says the United States is seeking to wage an extensive "psychological war" against Tehran by imposing a fresh round of sanctions, stressing that the Islamic Republic has no concerns over such USA bids. Iran was Ankara's biggest source of the fuel previous year, accounting for more than a quarter of Turkey's daily average imports of around 830,000 barrels, according to data from the market regulator.

The Trump administration is announcing the reimposition of all US sanctions on Iran that had been lifted under the 2015 nuclear deal.

"India will cut import by about 35% from past year (2017-18), which is a significant cut", a source said.

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Bowers surrendered and was taken to a hospital where he was listed in fair condition with multiple gunshot wounds. The oldest, Rose Mallinger, was 97.

The sanctions that'll come into force Monday penalize countries that don't stop importing Iranian oil and foreign companies that do business with blacklisted Iranian entities.

But the administration is also announcing that there would be eight significant reduction exemptions (SREs) to countries that haven't completely eliminated oil imports from Iran.

Just a few days before US sanctions on Iranian oil exports return on November 5, the keywords about how much of Iran's oil will come off the market are "lack of clarity".

That's symbolically important to the Trump administration because President Barack Obama's administration took three years to remove 1.2 million barrels from the market - and that was while acting in concert with the European Union and other nations before the global effort yielded the 2015 deal. A state department spokesperson confirmed on Tuesday, "on November 5th 12:01, sanctions that were lifted under the Iran nuclear deal will come back into full effect". "I think it's important that we not relax in the effort", he said. But we are prepared to work with countries that are reducing their imports on a case-by-case basis.

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He was charged with 11 counts of criminal homicide, six counts of aggravated assault and 13 counts of ethnic intimidation. Bowers surrendered, and was taken to a hospital where he was listed in fair condition with multiple gunshot wounds.

Rouhani urged Parliament to approve four new ministers and help his government "resist" and "fight" the U.S.as it reinstates sanctions against the Islamic Republic.

Pompeo and Mnuchin both said the sanctions will have exceptions for humanitarian purchases.

"But the people should know with certainty that the government has no fear of American threats". Under Obama, those cuts, measured every six months, amounted to about 18 percent, but the Trump administration has set a much higher bar for waivers.

Currently, India pays its third largest oil supplier in euros using European banking channels.

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At its session lows, the Dow had fallen 548.62 points, while the S&P 500 and Nasdaq had lost more than 2 percent each on Tuesday. Global worries included the growing worldwide pressure on Saudi Arabia over the death of Jamal Khashoggi.

Goldman Sachs said it expects Iran's crude oil exports to fall to 1.15 million barrels per day (bpd) by the end of the year, down from around 2.5 million bpd in mid-2018.

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