Companies that continue to do business with Iran, including oil trades allowed under US waivers, will have to conduct more due diligence after the US designated the Islamic Revolutionary Guard Corps a terrorist group, Secretary of State Mike Pompeo said Monday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Pompeo did not say whether the US was prepared to grant new six-month waivers to Iran’s top oil buyers when the current exemptions expire in less than a month. “We’ll make that decision in due course as we move toward May 2,” Pompeo said during a press briefing in Washington, adding that the IRGC designation adds “clarity around those transactions that create risks for companies not just in Europe but, frankly, all over the world.” Crude oil futures, which were trading higher Monday on the Libya conflict, did not appear to react to Pompeo’s […]