US exempts seven nations from Iran oil ban
China and Singapore have been left off a new list of countries exempted by the US from oil trade with Iran. The decision appears to be made based on the reduced volume of trade conducted, but the US has been cagey to make thresholds, if any, public.
The US has added seven nations to its latest roster of countries exempted from its sanctions on oil trade with Iran on June 11, but China and Singapore did not make it on the list.
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