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U.S. Exempts Japan, 10 EU Nations From Iran Oil Sanctions

Bloomberg -- The Obama administration is sending a message to major buyers of Iranian oil -- in particular China, India and South Korea -- that they can avoid new U.S. sanctions by curtailing their imports of Iranian crude by the end of June, several U.S. officials said.

Secretary of State Hillary Clinton announced yesterday that an “initial group” of countries -- Japan and 10 European Union nations -- have “significantly reduced” their Iranian oil purchases and thus qualified for an exemption from sanctions for a renewable period of 180 days under the law.

The U.S. didn’t grant waivers to China (CCCIIQIR), the leading importer of Iranian crude in the first half of last year, or to India and South Korea, which were the third- and fourth-largest buyers, according to the U.S. Department of Energy.

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Submitted Mar 21, 2012 By: Mudsprings

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PizzaMon Champion Author Philadelphia Posts:5,134 Points:1,859,780 Joined:Jun 2006	Message Posted: Mar 21, 2012 5:05:16 PM Ignore PizzaMon Report Abuse Maybe sanctions were not the way to go at all.
OU8121959 Champion Author Grand Rapids Posts:2,691 Points:528,960 Joined:Apr 2011	Message Posted: Mar 21, 2012 5:05:12 PM Ignore OU8121959 Report Abuse cool
njerald Champion Author Seattle Posts:7,809 Points:1,620,050 Joined:Oct 2007	Message Posted: Mar 21, 2012 5:03:59 PM Ignore njerald Report Abuse Another clueless Marxist B O regime decision
Mr.Dirt Champion Author Albany Posts:8,351 Points:2,508,625 Joined:Mar 2004	Message Posted: Mar 21, 2012 5:03:37 PM Ignore Mr.Dirt Report Abuse does china care i do not think so what are we going to do not buy from china we will all be going around nude most all goods come for china we make nothing and have no place to make anything
2granny Champion Author Michigan Posts:9,555 Points:1,462,255 Joined:Apr 2009	Message Posted: Mar 21, 2012 5:00:55 PM Ignore 2granny Report Abuse Politics at work.
RichFWA Champion Author Tacoma Posts:1,171 Points:288,790 Joined:Mar 2011	Message Posted: Mar 21, 2012 5:00:45 PM Ignore RichFWA Report Abuse So that means Iran will just sell oil to those countries huh?
TANGOTANGO Champion Author Toronto Posts:1,151 Points:355,780 Joined:Mar 2011	Message Posted: Mar 21, 2012 4:59:35 PM Ignore TANGOTANGO Report Abuse No one should be exempted!
k2kipp Champion Author Minnesota Posts:3,150 Points:1,124,240 Joined:Sep 2005	Message Posted: Mar 21, 2012 4:51:08 PM Ignore k2kipp Report Abuse Just games...
ItisAJeepThing Champion Author Tucson Posts:19,730 Points:2,147,580 Joined:Oct 2006	Message Posted: Mar 21, 2012 4:49:18 PM Ignore ItisAJeepThing Report Abuse We have to do whatever we have to do to deny Iran's development of nuclear weapons. We need to develop, non-ethanol, alternative fuels like abundant U.S. natural gas as Compressed Natural Gas (CNG). America, Canada and Mexico could make North America an energy independent area. Let OPEC and our enemies in Iran and Venezuela sell their oil elsewhere.
kelly1016 Champion Author Victoria Posts:1,953 Points:352,940 Joined:Oct 2011	Message Posted: Mar 21, 2012 4:48:08 PM Ignore kelly1016 Report Abuse I am glad Japan is exempt. they have enough challenges to deal with. [Edited by: kelly1016 at 3/21/2012 4:48:58 PM EST]
TNT2EC Champion Author Wisconsin Posts:4,974 Points:1,509,585 Joined:Oct 2008	Message Posted: Mar 21, 2012 4:47:55 PM Ignore TNT2EC Report Abuse Ok
dieselfiendSC Champion Author South Carolina Posts:2,170 Points:843,655 Joined:Nov 2008	Message Posted: Mar 21, 2012 4:46:48 PM Ignore dieselfiendSC Report Abuse Unbelievable!
LV_Mike1 Sophomore Author Las Vegas Posts:219 Points:45,290 Joined:Aug 2003	Message Posted: Mar 21, 2012 4:46:19 PM Ignore LV_Mike1 Report Abuse uuuuuuuu yeah.....don't do anything like that. We might piss off Iran...and what the hell does THAT mean? Are we supposed to be afraid of Iran? Who ARE you people? And another thing....what the hell does Pres. Obama and the unions have to do with this topic? Jesus! [Edited by: LV_Mike1 at 3/21/2012 4:50:23 PM EST]
humblepie Champion Author Toledo Posts:34,082 Points:2,368,445 Joined:Mar 2006	Message Posted: Mar 21, 2012 4:44:58 PM Ignore humblepie Report Abuse just like obamacare and the unions
armey Champion Author Oregon Posts:1,296 Points:310,255 Joined:Aug 2008	Message Posted: Mar 21, 2012 4:42:27 PM Ignore armey Report Abuse We mite asking for trouble from iran if they do that!
Rabbit_007 Rookie Author Ohio Posts:60 Points:28,375 Joined:Apr 2011	Message Posted: Mar 21, 2012 4:42:13 PM Ignore Rabbit_007 Report Abuse Fine
BigLM Sophomore Author Memphis Posts:149 Points:237,055 Joined:Sep 2006	Message Posted: Mar 21, 2012 4:41:47 PM Ignore BigLM Report Abuse No wonder everyone votes against the US in the United Nations!
Kato51 Champion Author Atlanta Posts:7,245 Points:2,160,765 Joined:Jul 2005	Message Posted: Mar 21, 2012 4:40:23 PM Ignore Kato51 Report Abuse Is November here yet? Please hurry.
rpr77 Champion Author Philadelphia Posts:3,880 Points:764,560 Joined:Mar 2011	Message Posted: Mar 21, 2012 4:39:52 PM Ignore rpr77 Report Abuse Ok
traumer Champion Author Twin Cities Posts:5,359 Points:1,335,525 Joined:Aug 2006	Message Posted: Mar 21, 2012 4:39:16 PM Ignore traumer Report Abuse The world is in a mess and something is going to blow someday.
Gassed01 Champion Author Toronto Posts:6,334 Points:1,798,790 Joined:Jan 2006	Message Posted: Mar 21, 2012 4:34:27 PM Ignore Gassed01 Report Abuse Iran will find buyers.
spedygonzales All-Star Author Toronto Posts:923 Points:462,445 Joined:May 2011	Message Posted: Mar 21, 2012 4:33:35 PM Ignore spedygonzales Report Abuse ok
tamiuron Champion Author Laredo Posts:1,943 Points:723,035 Joined:Jan 2011	Message Posted: Mar 21, 2012 4:33:32 PM Ignore tamiuron Report Abuse why are we giving money to China?
myambro Champion Author Sacramento Posts:3,194 Points:1,049,375 Joined:Mar 2005	Message Posted: Mar 21, 2012 4:33:20 PM Ignore myambro Report Abuse That's today's announcement. Tomorrow they will announce that they did not announce today's announcemet.
h2ojumper Champion Author Austin Posts:2,539 Points:703,635 Joined:Feb 2011	Message Posted: Mar 21, 2012 4:31:54 PM Ignore h2ojumper Report Abuse ok
smoketown Champion Author Cincinnati Posts:6,216 Points:1,378,850 Joined:Feb 2008	Message Posted: Mar 21, 2012 4:31:43 PM Ignore smoketown Report Abuse Say what..........
Taurus1 Champion Author Ohio Posts:3,115 Points:1,670,700 Joined:Apr 2006	Message Posted: Mar 21, 2012 4:30:47 PM Ignore Taurus1 Report Abuse Not fair.
RAE344 Champion Author Virginia Beach Posts:3,044 Points:657,520 Joined:Jun 2011	Message Posted: Mar 21, 2012 4:28:44 PM Ignore RAE344 Report Abuse What a flip flopper.
camel1 Champion Author Minnesota Posts:8,255 Points:2,263,590 Joined:Jul 2006	Message Posted: Mar 21, 2012 4:28:22 PM Ignore camel1 Report Abuse WE do not need to be tough on those trying to work with us.
unicornpmb Champion Author Buffalo Posts:8,471 Points:1,625,515 Joined:Sep 2005	Message Posted: Mar 21, 2012 4:26:16 PM Ignore unicornpmb Report Abuse We are such a nice country.
snell snail Champion Author Atlanta Posts:5,008 Points:2,595,050 Joined:Feb 2004	Message Posted: Mar 21, 2012 4:22:57 PM Ignore snell snail Report Abuse ...if article is written correctly...sounds reasonable.......
wackochick Sophomore Author Detroit Posts:113 Points:23,850 Joined:Mar 2012	Message Posted: Mar 21, 2012 4:21:38 PM Ignore wackochick Report Abuse Whose scared of a president that bows to others and just bends over when they are unfair with their trade policies? Apparently no one.
gils Champion Author Ohio Posts:1,691 Points:642,625 Joined:Feb 2011	Message Posted: Mar 21, 2012 4:21:25 PM Ignore gils Report Abuse ok.
bevmill Champion Author Georgia Posts:2,562 Points:597,295 Joined:Apr 2006	Message Posted: Mar 21, 2012 4:20:19 PM Ignore bevmill Report Abuse okay
Suzzoom Champion Author Nevada Posts:2,348 Points:502,140 Joined:Jan 2011	Message Posted: Mar 21, 2012 4:18:54 PM Ignore Suzzoom Report Abuse The US can't make every country do what it wants.
oldosc8 Champion Author Baltimore Posts:1,784 Points:450,045 Joined:Nov 2009	Message Posted: Mar 21, 2012 4:16:05 PM Ignore oldosc8 Report Abuse This makes sense.
ChuckGVT Champion Author Vermont Posts:6,683 Points:1,690,275 Joined:Apr 2008	Message Posted: Mar 21, 2012 4:15:53 PM Ignore ChuckGVT Report Abuse He has to exempt China because they own him.
BigBob12345 Champion Author Gasbuddy Posts:1,521 Points:304,730 Joined:Aug 2011	Message Posted: Mar 21, 2012 4:14:08 PM Ignore BigBob12345 Report Abuse Odumba is a bully!!!!!
hubhunts Veteran Author Alabama Posts:371 Points:79,770 Joined:Jun 2008	Message Posted: Mar 21, 2012 4:11:29 PM Ignore hubhunts Report Abuse Actually Yesterday oil prices dropped over 2 bucks a barrel and no differance.
LSU_TIGERS_dmb Champion Author Louisiana Posts:1,714 Points:617,295 Joined:May 2011	Message Posted: Mar 21, 2012 4:10:47 PM Ignore LSU_TIGERS_dmb Report Abuse Like anyone scared of this president. We need a new president they will be scared of so hurry up november
BobbyVA Champion Author Virginia Beach Posts:5,489 Points:1,173,215 Joined:Jul 2009	Message Posted: Mar 21, 2012 4:10:28 PM Ignore BobbyVA Report Abuse More exemptions by the Obama Administration, almost seems like the exemptions issue to Dem states for the Obama Care health bill. What a loser we have for President! Most corrupt administration since the Nixon years.
orcar Champion Author Boise Posts:2,043 Points:773,990 Joined:Jun 2010	Message Posted: Mar 21, 2012 4:08:40 PM Ignore orcar Report Abuse ok
DeHavilland Champion Author Toronto Posts:5,855 Points:1,900,240 Joined:Jun 2007	Message Posted: Mar 21, 2012 4:08:36 PM Ignore DeHavilland Report Abuse Political games. Either you stand united or you don't stand for anything. [Edited by: DeHavilland at 3/21/2012 4:09:27 PM EST]
monieet All-Star Author California Posts:953 Points:527,280 Joined:Mar 2011	Message Posted: Mar 21, 2012 4:04:05 PM Ignore monieet Report Abuse OK!
HawaiianGuy Champion Author Idaho Posts:9,509 Points:3,075,770 Joined:May 2003	Message Posted: Mar 21, 2012 4:01:51 PM Ignore HawaiianGuy Report Abuse Our so-called "friends" need to stand in solidarity with the rest of the free world in forcing Iran's hand.
oahugasit All-Star Author Hawaii Posts:680 Points:677,345 Joined:Jul 2008	Message Posted: Mar 21, 2012 3:59:23 PM Ignore oahugasit Report Abuse uh?
MG_Sputnik Champion Author Philadelphia Posts:7,290 Points:1,957,380 Joined:Apr 2006	Message Posted: Mar 21, 2012 3:53:42 PM Ignore MG_Sputnik Report Abuse Good that we're doing something.
Cableman66 Champion Author North Carolina Posts:2,100 Points:487,245 Joined:May 2011	Message Posted: Mar 21, 2012 3:51:26 PM Ignore Cableman66 Report Abuse Sanctions work good if the stick backing them up is big enough. We sure import lots of stuff from China, India and South Korea. Maybe we should sell them oil instead.
itzagasgasgas1 Champion Author Cincinnati Posts:3,954 Points:1,595,495 Joined:Aug 2005	Message Posted: Mar 21, 2012 3:51:16 PM Ignore itzagasgasgas1 Report Abuse Crude oil is dirty love.
mfeldstein Champion Author Ottawa Posts:8,161 Points:1,928,430 Joined:Feb 2007	Message Posted: Mar 21, 2012 3:49:04 PM Ignore mfeldstein Report Abuse The U.S. is so warm hearted.
leemun Champion Author Utah Posts:5,513 Points:1,036,125 Joined:May 2010	Message Posted: Mar 21, 2012 3:48:35 PM Ignore leemun Report Abuse Our government chooses the winners and the losers.
skybiker Champion Author South Carolina Posts:7,277 Points:1,556,290 Joined:Jul 2008	Message Posted: Mar 21, 2012 3:47:55 PM Ignore skybiker Report Abuse Sunshine allies....