Analysts: US likely to cut number of Iran oil sanctions waivers in May - Reuters

Reuters reports the latest opinions from various analysts, citing that the US could extend waivers from sanctions on Iranian oil imports in May. However, the number of countries receiving them are likely to be cut down.

Further Details:

China, India, Japan, South Korea and Turkey are likely to be given waivers after they expire in May that could cap Iran’s crude oil exports at about 1.1 million barrels per day, U.S.-based analysts at Eurasia Group said on Thursday. That would remove Italy, Greece and Taiwan from the current waivers list.

Mike Tran, an analyst at RBC Capital Markets said: “Given (U.S.) President Trump’s public affection for low oil prices, and the difficulty of getting countries like China and India to completely cut back, the White House will likely settle for less than zero next time though they may be able to achieve a reduction of several hundred thousand additional barrels.”