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    Iran defiant as US sanctions start without largest oil importers

    by Tracy Wilkinson, Los Angeles Times Nov 06, 2018 4 minutes

    WASHINGTON - The Trump administration slapped tough U.S. sanctions on Iran's energy, banking and shipping industries Monday but granted waivers to the six largest importers of Iranian oil, leaving gaping holes in the White House effort to punish Tehran for what it considers regional terrorism.

    Secretary of State Michael R. Pompeo said eight countries would be allowed to continue importing Iranian oil for the time being due to what he called "specific circumstances" and to ensure a stable global oil market. Most have scaled back imports and all are under pressure to find other suppliers.

    The countries granted waivers include China, India, South Korea, Turkey, Italy and Japan

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