The administration of US President Donald Trump is considering the possibility of sanctions relief for oil importers from Iran, Reuters reported.
According to the source, the US is considering the possibility of sanctions relief and is willing to work individually with countries that reduce imports.
Against this background, the cost of futures for Brent crude for delivery in December 2018 on the ICE exchange in London fell by 1% to $ 83.31 a barrel.
In May, the US announced Washington’s withdrawal from Iranian deal. While, US President Donald Trump promised to re-impose sanctions on Tehran.
Part of the US sanctions came in force on August 7, while on November 5, the United States intends to impose restrictions on the export of petroleum products.