By Maya Lester KC & Michael O’Kane

US will not reissue sanctions exceptions on Iranian oil

The Trump administration has decided not to reissue Significant Reduction Exceptions (SREs) when they expire in early May with the aim of “bring[ing] Iran’s oil exports to zero, denying the regime its principal source of revenue”. 6-month waivers for the importation of Iranian oil were granted to eight jurisdictions: China, Greece, India, Italy, Japan, South Korea, Turkey and Taiwan in…...

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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