Reuters ABU DHABI (Reuters) — The United States will continue to impose sanctions on whoever purchases Iran’s oil or conducts business with Iran’s Revolutionary Guards and no oil waivers will be reissued, a U.S. official said Sunday.
Iran’s crude oil exports were slashed by more than 80 percent due to reimposed sanctions by the United States after U.S. President Donald Trump exited last year Iran’s 2015 nuclear deal with world powers.
“We will continue to put pressure on Iran and as president [Trump] said there will be no waivers of any kind for Iran’s oil,” Sigal Mandelker, U.S. Treasury Under Secretary for Terrorism and Financial Intelligence, told reporters.
Mandelker added that Iranian oil sales have taken a “serious nose dive” because of U.S. pressure.
Since ditching the nuclear deal, calling it skewed to Iran’s advantage, Trump has reimposed sanctions to strangle its vital oil trade and force Tehran to accept stricter limits on its nuclear activity, curb its ballistic missile program and end its support for proxy forces around the Middle East.Speech