The Donald Trump Administration is likely to let a small group of countries, including India continue buying Iranian oil after a US deadline on sanctions waivers expires in May, say analysts.
Five countries – India, China, Turkey, South Korea and Japan which were among the eight that were allowed in November to keep importing Iranian crude and condensate without facing penalties, are now likely to be given new waivers, according to US-based analysts Eurasia Group.
The US will probably fail to meet its goal to reduce Iranian oil exports to zero, despite renewed talk from the White House about letting all oil import waivers expire on May 2, a move that will limit oil exports from Iran, the fourth-largest producer in OPEC
