US ends waivers for Iran oil sanctions, tightening economic pressure on regime

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U.S. will no longer grant waivers to countries to purchase Iranian oil, fully implementing the sanctions that Pres. Trump reimposed nearly a year ago when he withdrew from the Iran nuclear deal.

, with the goal to get Iranian oil exports to zero and to get Iran to the negotiating table.

The move has triggered global oil markets, with crude oil at its highest level in almost six months, and has set up a showdown with U.S. allies and adversaries alike. China, India, Turkey, Japan, South Korea and Taiwan were relying on the waivers to avoid being sanctioned by the U.S., but they could now be hit with economic penalties after their waivers expire on May 2.

Pompeo said the administration has used the "highest possible care to ensure market stability," especially by working with partners Saudi Arabia and the United Arab Emirates to increase production. But the price of oil has climbed recently, as U.S. sanctions also hit Venezuela, and the conflict in Libya makes production there volatile.

 

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Are you proud killing innocent people for not following your unjustic rules Iran manage to survive throughout 40 years of siege and will do so whatever Will never subdue

Brilliant!

I wonder how many years it will take before america is at war with the Saudis over WMDs

.Iran should go green. We should all just stop buying oil. helpful

This idiot is stumbling toward war. Anyone w/experience & intellect to advise against has been fired or resigned. The bottom of the barrel is running the country while a spineless senate sits on their hands.

Can U.S stop bullying nations into dancing to these ugly tunes of theres!!!!!!!!!!!

The ass trump has become pain in the ass to the entire world,meanwhile U.S ban and sanctions and get enemy, CHINA and RUSIA Take advantage and make good deals...

MAGA Trump2020 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

Your killing us repugnant Republicans!

Says who ? Trump ? 😂

Distraction. We will proceed to ImpeachDonaldTrump he can have tantrums all he wants. We will still proceed with ImpeachDonaldTrump

Pence looks like he ate the whole ham on Sunday

$4.00 a gallon, an extra $125 a month for me...thanks a lot! Over $1200 a year...

Look for gas prices to climb like a rocket in the next week. They are high enough now.

That way Russian oil will get the overflow of those who don't buy from Iran, thats the entire reason he pulled out of the Iran deal, the Iran deal cut the price of gas in half and thats why gas is so expensive now, THANKS TRUMP AND PUTIN.

Iran must close the strait of hormuz in the persian gulf.

Good isn't gone from Twitter still thanks

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