The Trump administration's move to continue driving Iran oil exports to zero surprised buyers who had been told by State Department officials to expect a renewal of waivers
The Trump administration surprised the oil world Monday with a tightened ban on Iranian oil. The move shook leading oil-producing nations as well as the biggest buyers of crude, many of whom had been expecting a renewal of U.S. exemptions to the ban put in place last fall.
Waivers granted to countries including China, India and Turkey that allowed imports of Iranian oil would end May 2, U.S. Secretary of State Mike Pompeo said. The move, part of the Trump administration’s effort to drive Iran’s exports to zero, surprised buyers...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Dispute flares among U.S. officials over Trump administration Iran arms control reportExclusive: U.S. officials clash over a White House report on arms control, with some wondering if the Trump administration was painting Iran in the darkest light possible
Read more »
Trump expected to end Iran sanctions waivers, seeking to drive oil exports to zeroThe Trump administration will stop granting waivers that allow several countries to import Iranian crude without triggering U.S. sanctions.
Read more »
Trump gambles with gas prices as he goes after IranPresident Trump is no fan of high oil prices, knowing that pain at the gas pumps could cost him votes at the ballot box. But on Monday, Trump took a step that risks that very scenario.
Read more »
Iran and Pakistan to form rapid reaction force at border: RouhaniIran and Pakistan will form a joint quick reaction force to combat militant acti...
Read more »
Any move by Iran to close Strait of Hormuz unacceptable - senior U.S. officialAny move by Iran to close the strategic Strait of Hormuz in response to the United States ending oil waivers for purchases of Iranian oil would be unjustified and unacceptable, a senior administration official said on Monday. The official, who briefed a small group of reporters on condition of anonymity
Read more »
Oil surges as US ends Iran sanction waivers—four experts forecast what's nextCrude prices popped after the Trump administration announced that it would no longer grant exemptions to U.S. sanctions on Iran, and experts say it could be good for stocks.
Read more »
Iran, Pakistan to set up border 'reaction force' after attacksPakistani PM Imran Khan's visit to Iran, the first since he took office last year, comes after gunmen who Islamabad says were based in Iran killed 14 members of Pakistan's security forces last week in Balochistan province.
Read more »
Saudi Arabia will feel Trump’s Iran slap tooThe U.S. president will fully enforce sanctions on Tehran’s oil exports. Riyadh must pump more to prevent crude prices spiking further, which it has the scope to do. But doing Trump’s bidding will rankle OPEC peers. And the administration has a track record of changing its mind.
Read more »
US ends waivers for Iran oil sanctions, tightening economic pressure on regimeU.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.
Read more »
Any move by Iran to close Strait of Hormuz unacceptable - senior U.S. officialAny move by Iran to close the strategic Strait of Hormuz in response to the Unit...
Read more »