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Clarification to Iran Oil Import Article on May 30

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06/12/2019 | 07:23 pm

Countries that haven't yet hit a U.S. limit on imports of Iranian oil can continue the trade without risk of sanctions until they reach the negotiated cap, as long as the oil was loaded by May 2, a senior U.S. official said. "U.S. Lets Some Countries Continue Limited Iran Oil Imports -- Update," published at 7:37 p.m. ET on May 30 and contained in the "News Highlights" at 9:15 p.m. ET and 11:15 p.m. ET, didn't reflect in the first paragraph a clarification from a State Department official that the oil would have to be purchased, loaded and en route before the May 2 deadline in order to avoid sanctions. Any new purchases of oil after May 2 would be subject to possible U.S. sanctions, even if the country hadn't yet reached its negotiated cap.

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