How many Countries are given exemption to receive a waiver from U.S. sanctions on oil trade with Iran?
Correct answer: B. 8 countries
- A. 4 countries
- B. 8 countries
- C. 12 countries
- D. 15 countries
Explanation
The United States granted temporary oil-sanctions waivers to eight jurisdictions, including China, India, Japan, South Korea and Turkey. The waivers allowed limited purchases of Iranian oil after US sanctions were reimposed.
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Global economy covers growth, inflation, interest rates, exchange rates, public debt, trade and employment across major economies. It also includes the work of the IMF, World Bank, WTO and central banks, along with oil and commodity prices, supply-chain disruptions, sanctions, trade agreements and the economic effects of international crises.
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