USA mulls hitting Iran with more sanctions

May not extend waiver for buyers of Iranian oil US

May not extend waiver for buyers of Iranian oil US

However, the U.S. granted a six-month waiver to India and seven other countries to buy oil from Iran. The light grades are used to produce naphtha, a feedstock for petrochemicals. Most WTL is produced in the western part of the Permian Basin in Texas. The others were China, Japan, South Korea, Turkey, Taiwan, Italy and Greece.

The buyers of the USA light, the source said, are South Korea's largest refiner, SK Energy, and its smallest one, Hyundai Oilbank.

The United States has revealed the results of its so-called "maximum pressure campaign" against Iran, even as the head of the world's top nuclear agency argued Iran still honored the terms of a 2015 nuclear deal created to protect it from such sanctions.

Amid rising prices of many agricultural goods, the Iranian Ministry of Industry, Mining and Commerce's ban on the export of potatoes and onions will come into effect today.

A spokeswoman from SK Innovation, owner of SK Energy, and a spokesman from Hyundai Oilbank declined to comment.

The US government is considering additional sanctions against Iran that would target areas of its economy that have not been hit before, a senior Trump administration official told reporters on Monday.

Mom with gun ends abduction attempt in West Virginia, police say
She later told police she may have overreacted and it's possible Mohamed Fathy Hussein Zayan was patting her daughter on the head. The woman at first told police Zayan grabbed the girl by the hair and tried to pull her away from inside a clothing store.

In a letter to UN Secretary General Antonio Guterres on Tuesday, the European trio claimed that Iran's launch of a space vehicle and the unveiling of two new missiles in February were "inconsistent" with the Resolution 2231 endorsing the JCPOA.

Analysts expect the U.S. in early May to extend expiring sanctions waivers to at least four of Iran's top crude and condensate buyers, but will require purchases to be reduced another 20%, causing Iranian exports to dip below 800,000 b/d within a month, according to an S&P Global Platts survey. The country is now negotiating an extension of the sanction waiver Washington granted it last November.

South Korea, a close US political ally, also does not want to jeopardize its relationship with Washington.

In a message on his Twitter account on Wednesday night, Zarif said, "A year after US' unlawful abrogation of JCPOA, Europe can't muster political will to defy US' Economic TERRORISM". India is also trying to secure permissions from Washington to continue buying Iranian crude. These waivers, however, did not restart imports of Iranian crude immediately. India and four other countries continue to buy.

WTL has largely been blended with other oil grades to be sold at the Cushing, Oklahoma, delivery point for USA crude futures. Yukiya also said that while countries like the United States of America should carry out inspections, agencies like IAEA should also undertake probes.

Almost 15 percent of the Permian basin's production can now be classified as WTL, sources said.

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