The decision taken by the US Government on April 22 to end the waivers given to countries on importing Iranian crude is likely to have limited impact on forward crude prices, analysts from various banks noted. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In a statement, the White House said it would not issue the waivers, known as significant reduction exceptions, to “bring Iran’s oil exports to zero, denying the regime its principal source of revenue.” Iranian crude and condensate exports have fallen sharply in the past year after the US withdrew from the Iran nuclear deal in early-May 2018. Exports averaged a five-month high 1.7 million b/d in March 2018, according to S&P Global Platts trade flow analytics software cFlow and shipping sources. The exports had dropped to 1.06 million b/d in November 2018, when the US first imposed the sanctions, […]