US Sec. of State Pompeo: US to consider requests from “handful” of countries for buying oil from Iran

Citing SKY News Arabia, Reuters reported that the U.S. Secretary of States Mike Pompeo said that the U.S. would consider requests from a ‘handful’ of countries for relief from the U.S. sanctions for continuing to buying oil from Iran from November on.

Markets haven’t showed a significant reaction to this development and the barrel of West Texas Intermediate was last seen trading near $74, up around 25 cents on the day.