WASHINGTON Dec 6 The United States is likely to
announce on Friday that it will give at least seven economies
including India, South Korea and Turkey another six-month
reprieve from financial sanctions against Iran, two U.S.
government sources said.
As Washington works with the economies to rein in Tehran's
nuclear ambitions, the State Department will likely extend the
waivers, known as "exceptions," because they reduced their
purchases of Iran's crude.
The first round of reprieves to the sanctions law signed a
year ago came in June.
The sanctions aim to choke funding to Tehran's nuclear
program by slashing Iran's oil exports. The West suspects Iran's
nuclear program is enriching uranium to levels that could be
used in weapons. Tehran says the program is for electricity
generation and medical purposes.
U.S. waivers for both China, Iran's top oil consumer, and
Singapore expire later, on Dec. 25 - 180 days after they got the
first round on June 28.
But one of the government sources and an industry source
said those exceptions could also come as soon as Friday.
"There's nothing in the sanctions law that says the U.S. has
to wait a full 180 days to announce exceptions for China," the
government source said.