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India has regularly been voicing concern about rising oil prices in global markets.

The US secretary of state, Mike Pompeo, said that eight "jurisdictions" would be granted temporary waivers after Monday's sanctions deadline, but only on the understanding that they would stop or drastically reduce oil imports in the coming weeks.

"We were not aware of this messaging and would prefer our trademark not be misappropriated for political purposes", said HBO on Friday in response to Trump's tweet.

Although the European Union has vowed to create a "special objective vehicle" (SPV) to protect companies buying oil, analysts see little chance that firms will risk U.S. penalties by using it.

A Chinese official told Reuters that discussions with the US government were ongoing and that a result was expected over the next couple of days.

A senior USA official said the eight parties will include Japan, India and South Korea.

Another country that has been seeking a sanctions waiver is Turkey, which takes significant volumes via pipeline from neighboring Iran.

Taiwan was waiting to see whether it was one of the "eight jurisdictions" expected to receive waivers to continue buy oil from Iran despite sanctions from the United States.

The United States is able to pressure other nations to stop buying Iranian oil under a 2012 law that allows the president to cut off foreign banks, including central banks, from the USA financial system unless they significantly reduce purchases.

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Anas al-Hajji, a Houston-based oil expert, said the fall in Iranian exports was tough to assess but he expected "less than what most analysts are talking about".

Following the Trump administration's announcement of renewed sanctions against Iran, set to go into effect on Monday, anti-war groups are warning the move tosses aside diplomacy in favor of paving the path towards war.

The United Arab Emirates' minister of state for foreign affairs, Anwar Gargash, said on Saturday that Iran's "aggressive policies" were "largely responsible" for the reimposition of U.S. sanctions on Tehran.

Anger and distrust of the USA are surging again following President Donald Trump's decision to withdraw from Iran's nuclear deal with world powers despite Tehran's compliance with the agreement, which was negotiated under the Obama administration.

The 13th of Aban, the statement said, is "the symbol of the Iranian nation's fight against the arrogance and its invincibility in the face of the United States and the evil arrogant movement in contemporary history".

Demonstrators in Tehran gathered on Sunday outside the former USA diplomatic mission, also known as the "Den of Espionage", chanting slogans against the United States.

But U.S. President Donald Trump announced in May that he was walking away from the deal and would reimpose sanctions, leaving the European Union scrambling to protect companies that have forged trade links with Iran.

Further details of the United States' decision on Iran sanctions will be released on Monday. Iran is the world's No. 3 oil exporter.

Meanwhile, there are supply disruptions in other key OPEC countries, including Venezuela and Angola.


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