Sputnik - New sanctions placed on Iran by US President Donald Trump are likely to have the reverse effect the White House is hoping for, according to new reports, as Tehran�s petroleum exports are set to increase just as Washington�s restrictions commence.



According to�the hype from�Capitol Hill, US restrictions against�Iran coming into�force at�midnight are intended to�economically punish the nation by�preventing the sale of�any Iranian oil outside�of the nation's borders, although with�the announcement of�multiple waivers, the sanctions are instead likely to�result in�an increase of�exports from�the Middle Eastern country.As many countries that previously stopped buying oil from�Iran are now being given permissions by�the White House in�the form of�waivers to�purchase Tehran's petro output, the Middle Eastern nation's exports are only set to�rise, according to�Bloomberg.

Promoted by�the Trump administration as�the "strongest sanctions in�history," the reality of�the new restrictions does not match its original hype, according to�the BBC.
In spite of�August claims from�Trump's national security adviser, John Bolton, that oil-buying waivers would be "few and far between," at�least eight modern, developed nations will�continue their purchaseof�Tehran's oil output unabated, according to�the Japan Times.


Oil-buying nations, including China, India, Japan, Turkey and South Korea, will be given permission by�the Trump administration to�purchase Iranian output, although no European countries are included in�the list, according to�reports.

Iranian oil buyers in�2018 have been cautious, with�France and South Korea cutting off�the flow in�June, while Spain and Japan followed suit in�September.

Turkey cut its oil purchases by�half, as�Italy and Greece�� the only other significant EU buyers of�Tehran's oil output�� also made cuts.

Exports to�India concurrently dropped, according to�Bloomberg, while China, Tehran's biggest oil buyer, has not cut purchases.

But oil shipments from�Iran to�South Korea, India and Japan are set to�return to�their original levels when the Trump waivers are signed, a move US Secretary of�State Mike Pompeo has promised will be detailed on�Monday.

As most oil sales are still transacted in�dollars, Iran will nonetheless see deeply-restricted access to�oil-sale funds, as�petro payments will be held in�escrow accounts in�those countries making the buy.