“Each country or person who buys any amount of oil or petrochemia from Iran will be subject to immediate secondary sanctions,” wrote US President Donald Trump in a post on his “Truth Social” social platform. “They will not be able to do business with the United States in any form,” he added.
The US President accused Iran in a Thursday speech in the White House of financing combat groups throughout the Middle East.
In February, Donald Trump started the “maximum pressure” campaign against Iran, whose goal is to completely suspend oil exports from this country.
In April it took place The third round of nuclear negotiations between the USA and Iranconducted through Oman. Both sides expressed satisfaction with progress, although the differences in key issues are still clear. The conversations focused on limiting the Iran atomic program in exchange for sanction relief.
During his first term, Trump withdrew the US from a nuclear agreement negotiated with Iran by President Barack Obama.
Donald Trump “believes in strength negotiations”
Trump's comments are clearly addressed to China, which import over 1 million barrels of oil per day from Iran, said CNBC Scott Modell, CEO of the Rapidan Energy consulting company. Modell estimated that US sanctions probably will not affect the flow of Iranian oil to China, unless the White House takes the State Celebrity and Beijing infrastructure.
The president's statements “do not mean a change in administration's pursuit of a new agreement with Iran, but rather emphasize Trump's faith in negotiations,” Modell said.
US-IRAN Nuclear Agreement
The history of the American-Iranian nuclear agreement dates back to 2015, when Iran and global powers, including the US, reached an agreement limiting the enrichment of uranium to the level of 3.67 percent. In return, some of the economic sanctions imposed on Tehran were abolished.
However, in 2018, during the presidency of Donald Trump, the US withdrew from the contract, motivating the decision with the dubious credibility of Iran. Tehran responded with a departure from the findings, exceeding the established limit of uranium enrichment.
Source: CNBC
