The United States will work with countries importing Iranian oil on a case by case basis to get as many of them as possible “down to zero” by early November, the U.S. State Department said on Thursday, clarifying comments from earlier this week that suggested there wouldn’t be any waivers for Iran’s oil buyers. Earlier this week, a senior State Department official said that the U.S. was pushing allies to cut oil imports from Iran to zero. Asked by reporters in a teleconference call on Tuesday if there would be waivers granted, the official said “I would be hesitant to say zero waivers ever. I think the predisposition would be no, we’re not granting waivers.” The market reacted to the possibility of ‘zero’ Iranian oil on the market and ‘no waivers’ with oil prices jumping later on Tuesday, on expectations that more Iranian barrels could be taken off the […]