US to exempt eight countries from new Iran oil sanctions: Pompeo!

• The US Treasury will also demand the SWIFT global financial network stop servicing Iran's banking industry.

The United States will allow eight countries to continue importing Iranian oil but only at much lower levels after the reimposition of sanctions on Monday, Secretary of State Mike Pompeo said Friday.

The US Treasury will also demand the SWIFT global financial network stop servicing Iran's banking industry as part of enforcing sanctions over the country's nuclear program and alleged support for terrorism.