Seven countries exempted from penalties by the U.S. for importing Iranian oil

The U.S. exempted seven more countries from financial sanctions for  importing Iranian oil into their domestic markets. Hillary Clinton stated that South Korea, India, South Africa, Turkey, Taiwan and Sri Lanka will avoid penalties in the upcoming 6 months as they have considerably decreased the volume of imported oil from Iran. As concerns China and Singapore, the two economies have not received an exemption; however, U.S. officials said that they still could be added to the list before 28 June.