US Extends Iran Sanction Waivers to Handful of Nations

Iran's major oil-buyers

The United States will grant 180-day waivers on Iran sanctions to China, India and seven other countries on Friday in exchange for those economies cutting purchases of oil from the Islamic Republic, a congressional aide said.

President Barack Obama's administration is renewing waivers for all of Iran's major oil buyers, after granting them to Japan and 10 countries in the European Union in September.