Mar. 29, 2019
- U.S. Envoy to Iran: More Sanctions, No New Oil Waivers – Nike Ching
Brian Hook, the State Department’s special representative for Iran, said in an interview Wednesday that the U.S. was “not looking to grant any new oil waivers. We did have to grant eight oil waivers in order to avoid shocking the global oil markets and causing a dramatic increase in the price of oil….We have already taken off more than half of Iran’s oil exports in just a very few months.” (VOA News)
See also Japanese Refiners Halt Iran Oil Imports ahead of Waiver Expiration – Yuka Obayashi and Florence Tan
Japanese refineries have put a halt on imports of Iranian oil ahead of the expiration of a temporary waiver on U.S. sanctions that expires on May 2, according to industry sources. (Reuters)
- U.S. Sanctions Hit Iran’s Oil Lifeline to Syria – Benoit Faucon, Summer Said and Jared Malsin
Iran has been unable to deliver oil to Syria since Jan. 2 due to U.S. sanctions, according to maritime-data provider TankerTrackers.com. That compares with an average of 66,000 barrels a day in the three months to the New Year. Storage tanks are virtually empty in the port city of Baniyas, home to Syria’s largest oil refinery. Syrians in areas under Damascus’ control are already feeling the impact, with fuel shortages and skyrocketing energy prices.
To enforce the sanctions, the U.S. has enlisted regional allies to monitor oil tankers that navigate the underside of the Arabian peninsula and cross the Suez Canal on their way to Syria’s Mediterranean ports. On Nov. 29, Egyptian authorities blocked the crossing of the Sea Shark tanker as it tried to enter the Suez Canal. For years, the tanker regularly delivered about 900,000 barrels of crude every few months from Iran. (Wall Street Journal)