Why Waivers if the Market is Well Supplied?
According to U.S. Secretary of State Mike Pompeo, eight countries will be given waivers from the sanctions that Washington re-imposed on Iran. The main question here is: Will those waivers undermine the objectives of the sanctions regime?
As it stands right now, it does not seem so. The waivers were given under specific American conditions. The most important one is that each country should gradually reduce its imports of Iranian crude.
Anwar Altaqi – Esam Aziz