The United States re-introduced sanctions against Iranian oil exports on Monday, although it also gave some of its closest allies exemptions that will allow Tehran’s biggest customers, mostly in Asia, to still buy crude for now. Washington restored measures lifted under a 2015 nuclear deal negotiated with Tehran by the administration of President Barack Obama, adding as well 300 new designations including Iran’s oil, shipping, insurance and banking sectors, aiming to cripple Iran’s main export revenues from the petroleum industry. Despite this, Iran will continue to sell some oil as the United States has granted sanctions waivers to some of its closest allies in Asia. Washington said on Friday it will temporarily allow eight importers to keep buying Iranian oil. It did not name who had received the exemptions or provide any further details. South Korea said on Monday it has been granted a waiver to […]