March 21, 2012 | Quote

US Exempts Japan and 10 Other Countries From Sanctions Over Iran Oil

“It will calm oil market anxiety by signaling that the administration is going to let some Iranian oil flow,” said Mark Dubowitz, executive director of the Foundation for Defense of Democracies in Washington, which favors the sanctions. “The real test is going to be India and China.”

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Indo-Pacific Iran Iran Sanctions