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US to exempt eight countries from new Iran oil sanctions: Pompeo

US to exempt eight countries from new Iran oil sanctions: PompeoThe United States will allow eight countries to continue importing Iranian oil but only at much lower levels after the reimposition of sanctions on Monday, Secretary of State Mike Pompeo said Friday. The US Treasury will also demand the SWIFT global financial network stop servicing Iran's banking industry as part of enforcing sanctions over the country's nuclear program and alleged support for terrorism. Another 700 companies, individuals, businesses, aircraft and ships will be added to the US sanctions list, widely expanding the people and entities Washington seeks to block from accessing global business and financial networks.




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