The Trump administration announced that all countries that continue to import Iranian oil will be subject to US sanctions.
In a statement on Monday, the White House said US President Donald Trump “has decided not to reissue” waivers regarding sanctions against countries importing Iranian oil when the waivers expire “in early May.” The exact deadline is May 2.
“This decision is intended to bring Iran’s oil exports to zero, denying the regime its principal source of revenue,” the statement from White House press secretary Sarah Sanders read.
In November, the US imposed new sanctions on exports of Iranian oil after Trump unilaterally pulled out of the 2015 nuclear deal between Tehran and world powers.
Washington, however, granted Iran’s eight main buyers of oil waivers to the sanctions that allowed them limited purchases for six months.
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