Penalty avoidance from reduced imports
US goal is zero purchases of oil from Iran; officials say of immediate end of purchases not possible, exemptions will be considered
Countries and businesses that continue to import Iranian oil could avoid penalties by making “significant reductions” as Washington re-imposes sanctions on Tehran later this year, according to top U.S. officials.
“We want people to reduce oil purchases to zero, but in certain cases if people can’t....
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