Account Deleted By User According to an anonymous "senior administration official", the US will soon approve waivers for eight countries, including Japan, India and South Korea, that will allow them to continue buying Iranian crude oil even after sanctions are reimposed on Monday. China is also believed to be in talks to secure a waiver, while the other four countries weren't identified. The waivers are part of a bargain for continued import cuts, which the administration hopes will lead to lower oil prices.  Secretary of State Mike Pompeo is expected to announce the exemptions on Friday. https://www.zerohedge.com/news/2018-11-02/us-reportedly-approves-waivers-iranian-oil-imports-supply-panic-fades