Back to Zero: U.S. Scraps Iran Sanctions Waivers

The end to oil-import waivers comes just as OPEC and its allies were starting to enjoy the fruits of their oil production cut agreement, and the fallout from the policy to drive Iranian exports down to zero is already being felt in the volatile oil market.

Back to Zero: U.S. Scraps Iran Sanctions Waivers
U.S. Secretary of State Mike Pompeo speaks during a news conference at the Department of State in Washington, DC, April 22. (AP Photo/Sait Serkan Gurbuz)

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