According to Reuters, the U.S. government announced to give China and Singapore, the Iranian oil embargo immunity. U.S. sanctions against Iran on June 28, to take effect.

March this year, the first exemption from Japan and many European countries. The White House announced on June 12 the U.S. Jiangzai remove the seven economies from the financial impact of the sanctions, provided they agree to reduce oil imports from Iran. In accordance with the relevant program, India, Malaysia, Korea, South Africa, Sri Lanka, China Taiwan, Turkey can enjoy a grace period of six months.

If not exempted from the list of economies of banks and the Central Bank of Iran (the country's oil sales intermediaries) has business dealings, they will face the U.S. financial system removed the threat.

Western Europe are taking advantage of the possibility of an oil embargo to force Iran to give in on the nuclear issue. The U.S. government has repeatedly said that will supply Iran with the exclusion of global oil supplies are ample.


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