US Renews Iran Sanctions, Grants Oil Waivers to China, Seven Others

A general view of an oil dock is seen from a ship at the port of Kalantari in the city of Chabahar, 300km (186 miles) east of the Strait of Hormuz on Jan. 17, 2012. Raheb Homavandi/File Photo/Reuters

WASHINGTON/SEOUL‚ South Korea—The United States snapped sanctions back in place on Nov. 5 to choke off Iran’s oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.

Having abandoned a 2015 Iran nuclear deal, U.S. President Donald Trump is trying to cripple Iran’s oil-dependent economy and force Tehran to quash not only its nuclear ambitions and its ballistic missile program but also its support for militant proxies in Syria, Yemen, Lebanon, and other parts of the Middle East.