US allies South Korea and Japan have received waivers along with India, which relies heavily on supplies from Iran, a list of all countries getting waivers is expected to be released on Monday
Brent crude oil was down 10 cents a barrel at $72.79 by 1400 GMT
November 4 is the deadline for the US announcements regarding Iran oil sanctions
America's two closest allies in Asia are ahead of the curve: Both scaled back their purchases of Iranian crude to zero recently, but that may not last
The restaurant occupies the first floor of an old building in Deira, Dubai's original commercial center and for decades the heart of the Iranian business community
The 'Axis of Resistance', grouping the Syrian govt of President Assad, Shi'ite militias in Iraq, Hezbollah in Lebanon and Shi'ite gunmen in Yemen is taking measures to reduce expenses
Trump said these sanctions will be followed up with even more sanctions to address the full range of Iran's 'malign conduct'
The sentiment in the market that going out of a big oil producer from the market may hamper supplies, is impacting prices and causing volatility in the market
In addition to India, Special Representative for Iran Brian Hook will be travelling to Europe to further discuss US foreign policy toward Iran
India has its own energy requirements which it has to fulfill
Indian Oil Corp. and Bharat Petroleum Corp. haven't asked for any Iranian cargoes for loading in November
The United States is renewing sanctions on Iran after withdrawing from a nuclear deal forged in 2015 between Tehran and world powers
The US has told India and other countries to cut oil imports from Iran to "zero" by November 4 or face sanctions
there are three key elements: allies, a willingness to enforce them and incentives to bargain. The absence of all three means they probably won't work with Russia and Iran
The government-set exchange rate was 44,070 to the dollar, compared to 35,186 on January 1
European countries have the political will to maintain economic ties with Iran based on the JCPOA (the nuclear deal), but they need to take practical measures within the time limit
The United States classifies Lebanon's Shi'ite Muslim movement Hezbollah, which is backed by Iran, as a terrorist group
Revolutionary Guard troops are currently fighting the Islamic State group in Syria and Iraq
The move came after Trump administration told Congress that Iran is complying on the nuclear deal