The crude oil tanker ‘Devon’ sails through the Persian Gulf towards Kharq Island to transport crude oil to export markets in the Persian Gulf, Iran.
The officials emphasised that the discussions are still underway and no final decision has been made. The administration granted eight countries full or partial waivers allowing them to continue buying the nation’s crude: China, India, Italy, Greece, Japan, South Korea, Taiwan and Turkey. They cited OPEC’s ability to ramp up production as well as booming US output, among other possibilities.
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