IRAN/OIL/SANCTIONS/STEVE MNUCHIN/TRUMP PEOPLE: “The United States in certain cases will consider waivers for countries that need more time to wind down imports of oil from Iran as it seeks to avoid disrupting global oil markets while reimposing sanctions against Tehran, U.S. Treasury Secretary Steven Mnuchin said…Mnuchin spoke to reporters while en route from Mexico, where he was part of a high-level U.S. delegation led by Secretary of State Mike Pompeo to meet Mexico’s next president, Andres Manuel Lopez Obrador. The Trump administration is pushing countries to cut all imports of Iranian oil from November, when the United States reimposes sanctions against Tehran. Trump withdrew from the multi-national 2015 Iran nuclear deal against the advice of allies in Europe and elsewhere. A delegation from the U.S. State Department and U.S. Treasury are expected for talks in Delhi this week to discuss Iran sanctions, according to Indian officials. U.S. crude oil exports to India hit a record in June as Indian refiners moved to replace supplies from Iran and Venezuela.”
-Lesley Wroughton, “Mnuchin says U.S. to consider waivers on Iran sanctions,” Reuters, July 16, 2018 5:08 am