New Delhi Studying Implications Of US Decision To End Iran Oil Waivers - Sources

New Delhi is studying the implications of the US decision to cancel waivers for countries importing Iranian oil, Indian Foreign Ministry sources said on Monday

NEW DELHI (UrduPoint News / Sputnik - 22nd April, 2019) New Delhi is studying the implications of the US decision to cancel waivers for countries importing Iranian oil, Indian Foreign Ministry sources said on Monday.

Earlier, The Washington Post newspaper reported, citing sources, that starting from May 2, Washington would end its sanctions waivers enabling countries importing Iranian oil to continue doing so.

The decision will be reportedly announced by the Department of State later on Monday.

"We have seen the announcement by the US Secretary of State. We are studying the implications of the decision and will make a statement at an appropriate time," sources told reporters.

Last year, the United States withdrew from the 2015 Iran nuclear deal and reinstated wide-ranging sanctions on Tehran. In early November, Washington, however, granted six-month waivers from oil sanctions against Iran to India, Italy, Taiwan, China, Greece, Turkey, Japan and South Korea.