JAKARTA - United States Treasury Secretary Scott Bessent said Iran has not been able to sell oil to buyers other than China after the issuance of sanctions exemptions.
According to Bessenthal, this is because prospective buyers are worried about the possible negative impact on the purchase.
Previously, on Thursday (25/6), US Energy Minister Chris Wright said Iran can now sell its oil to buyers other than China and can receive payments in US dollars after the United States issued a sanctions exemption.
"There is no other country besides China - which has already sanctioned sanctions - who bought it; so the oil is still sold at a discount to China. So far, Iran has not been able to sell its oil because buyers are somewhat hesitant whether sanctions will be reimposed or whether they will get into trouble with the Treasury Department," Bessent told FoxNews as reported by ANTARA from Sputnik, Tuesday, June 30.
"This situation provides incentives for Iran to negotiate with the US," Bessent said.
Previously, on Monday (22/6), the US Department of the Treasury issued a general license for the sale of Iranian crude oil and petrochemical products until August 21, 2026.
In addition, the US also linked the exemption to progress made in negotiations with Iran in Switzerland.
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