US Sanctions On Iran

WASHINGTON (Reuters) - The Trump administration will soon issue advisories warning shippers, port officials and insurance companies against the practice of storing Iranian oil and avoiding U.S. sanctions on Iran, a senior State Department official said on Monday.

Since May 2019, Iran has progressively scaled back some commitments under the agreement in response to the US sanctions and Europe's inability to circumvent them.

Trump had already threatened widespread bombing of Iran if Tehran carries out its own threats to attack US troops

Sitharaman said the Indian government has expressed its view to the United States

Rouhani, speaking on his return from the United Nations General Assembly in New York, said he met there with U.S. officials at the insistence of Germany, Britain and France

The US Treasury Department imposed new restrictions on a shipping network controlled by Iran's Islamic Revolutionary Guard Corps on Wednesday

Iran shot down a US Global Hawk drone with a surface-to-air missile in June for allegedly violating its airspace, which the United States denies

From a subway performer's battered leather hat devoid of tips, to a bride-to-be's empty purse, the lack of cash from the economic pressure facing Iran's 80 million people can be seen everywhere

The meeting is set to make recommendations ahead of a key OPEC summit in late June, to be attended by Iran

About US sanctions, OPEC Plus policies and oil prices

India is among the eight nations whose six-month-long exemptions from US sanctions to stop buying oil from Iran ended on Thursday

India was Iran's top oil client after China

Trump's sanctions on Iran are intended to curb its nuclear and ballistic missile program and reduce its influence in Syria, Yemen and other countries in the Middle East

Washington has demanded that buyers of Iranian crude halt purchases by May 1 or face sanctions, a move to choke off Tehran's oil revenues

A senior US administration official said on Monday that President Donald Trump was confident Saudi Arabia and the United Arab Emirates would fill any gap left in the oil market

US President Donald Trump has decided not to continue with the exemptions to oil customers of Iran

Oil Minister Dharmendra Pradhan in a tweet said 'a robust plan for an adequate supply of crude oil to Indian refineries' is in place

The US had reimposed sanctions against Iran last November in a dispute over Tehran's nuclear and missile ambitions

China, India, Japan, South Korea and Turkey are likely to be given waivers after they expire in May

The move came after Ayatollah Sadeq Amoli Larijani - the chief of hardline judiciary - was appointed last week as the head of the Expediency Council