The US continues to press Iran’s oil customers, including China and India, to halt their crude and condensate imports before sanctions resume November 5, a top State Department official told Congress on Thursday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Manisha Singh, assistant secretary for the Bureau of Economic and Business Affairs, said the US is prepared to take the “strongest actions possible” against countries that flout the sanctions. “We are working with all countries including China to get them to zero,” Singh testified to the House Foreign Affairs Committee. Iranian crude production fell 200,000 b/d from July to 3.52 million b/d in August as US sanctions loom, and apparent hedging activity indicates some traders are preparing for a potential price spike above $80/b as a result of further declines in Tehran’s exports, the Energy Information Administration said Tuesday. Iran’s production has […]