Turkey will not be able to “quickly” source oil from alternate sources after the US ended the waivers previously extended to Turkey for the purchase of Iranian oil, Turkish foreign minister said on Thursday as cited by Reuters. The waivers that the United States granted eight countries including China, India, and Turkey officially ended yesterday. Turkey’s stance that it will be unable to find oil elsewhere “quickly” insinuates that the waiver expiration came as a surprise, although the expiration date was announced at the onset of the six-month waivers. Still, many analysts assumed that the United States would again grant waivers to at least some of the eight countries—and were likely disappointed that waivers were not forthcoming. “It does not seem possible for us to diversify the sources of the oil we import in a short time,” Minister Mevlut Cavusoglu said. Turkey’s refineries, according to Cavusoglu, are not equipped […]