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Dec 7, 2012 | 20:25 GMT

Iran: U.S. Grants Sanctions Waivers To 9 Countries

The United States will grant 180-day waiver on Iran sanctions for nine countries in exchange for cutting purchases of Iranian oil, an unnamed congressional aide said Dec. 7, Reuters reported. The countries are China, India, South Korea, South Africa, Turkey, Sri Lanka, Malaysia, Singapore and Taiwan, the aide said. The White House is also renewing waivers granted in September for Japan and 10 EU countries. Iran's oil exports have been more than halved in 2012 due in part to the sanctions, leading to a currency crisis.

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