US Waives Iran Sanctions To China, India +7 Others

So there are no real Iran sanctions.

The United States granted 180-day waivers on Iran sanctions to China, India and seven other countries on Friday in exchange for those economies cutting purchases of oil from the Islamic Republic.

US President Barack Obama’s administration is renewing waivers for all of Iran’s major oil buyers, after granting them to Japan and 10 countries in the European Union in September.

The sanctions aim to choke funding to Iran’s nuclear program, which the West suspects is enriching uranium to levels that could be used in weapons. Tehran says the program is for civilian purposes.

Secretary of State Hillary Clinton said she would also granted the waivers, known as “exceptions” to South Korea, South Africa, Turkey, Sri Lanka, Malaysia, Singapore and Taiwan, the aide said.

That’ll teach ‘em!

- Aggie

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