SINGAPORE/WASHINGTON (Reuters) - The United States has renewed waivers on Iran sanctions for Japan and 10 European countries because they cut their purchases of the OPEC nation's crude oil, Secretary of State Hillary Clinton said on Friday. The renewal means banks in the 11 countries have been given a second 180 day reprieve from the threat of being cut off from the U.S. financial system under the sanctions designed to choke funding to Iran's nuclear program. The West suspects Iran is trying to develop nuclear weapons. Tehran insists the program is for civilian purposes. ...
More...
September 14th, 2012
--
