Turkey Looks for Alternatives After Stopping Iranian Crude Imports

Iran stopped importing crude oil from Iran in May 2019 when the US ended sanction waivers.


A Turkish official has confirmed that the country stopped importing crude oil from Iran in May 2019 when the US ended sanction waivers. According to analysts, Turkey is expected to cover the loss of Iranian crude supply by importing oil from Iraq, Russia and Kazakhstan.

Turkey had previously appealed to the US to extend Iran’s sanction waiver beyond 1 May but this was not granted.

Turkey, however, continues to distance itself from the US-Iran issues by maintaining that it does not agree with US sanctions on Iran.

Add 3440

Best Forex Brokers

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.