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

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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