U.S. allows eight \'jurisdictions\' to keep buying Iran oil for now

U.S. allows eight 'jurisdictions' to keep buying Iran oil for now

Reuters  |  WASHINGTON 

By Mohammed, Lesley and Patricia Zengerle

U.S. of State Mike Pompeo, who announced the decision in a conference call, did not name the jurisdictions, but said the as a whole, which has 28 members, would not receive one.

Turkey's Energy said his country had been told it would get a waiver.

also said had made clear to the Brussels-based SWIFT financial messaging service that it was expected to disconnect all Iranian financial institutions that the plans to blacklist as of Monday. He declined to name the targeted institutions.

The restoration of sanctions is part of a wider effort by U.S. to force to curb its nuclear and missile programs as well as its support for proxy forces in Yemen, Syria, and other parts of the

"This part of the campaign is aimed at depriving the regime of the revenues it uses to spread death and destruction around the world, Pompeo said. "Our ultimate aim is to compel to permanently abandon its well-documented outlier activities and behave as a normal country."

Trump set in motion the resumption of U.S. sanctions on May 8, when he announced his withdrawal from the 2015 nuclear agreement under which had agreed to curtail its nuclear program in return for relief from U.S. economic penalties.

Iran said it was not troubled over the re-imposition of U.S. sanctions, which target not only its vital and gas sector but also shipping, ship-building and industries.

"will not be able to carry out any measure against our great and brave nation ... We have the knowledge and the capability to manage the country's economic affairs," told state TV.

(Reporting by Mohammed, and Lesley Wroughton; Additional reporting by in SINGAPORE, Aizhu Chen in BEIJING and Dmitry Zhdannikov in London; Hyonhee Shin in SEOUL, Osamu Tsukimori in TOKYO, Gulsen Solaker in ANKARA; Writing by Mohammed; Editing by Tom Hogue, and Susan Thomas)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 02 2018. 20:51 IST