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U.S. snaps back Iran sanctions, grants oil waivers to China, seven others

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By Humeyra Pamuk and Jane ChungWASHINGTON/SEOUL (Reuters) - The United States snapped sanctions back in place on Monday to choke off Iran's oil and shipping industry, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.Having abandoned the 2015 Iran nuclear deal, U.S. President Donald Trump is trying to cripple Iran's oil-dependent economy and force Tehran to quash not only its nuclear ambitions and its ballistic missile program but its support for militant proxies in Syria, Yemen, Lebanon and other parts of the Middle ...

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First Published: Mon, November 05 2018. 20:59 IST