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#Iran #Sanctions #MikePompeo

U.S. ending sanction waivers for Iran oil imports

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Streamed live on Apr 22, 2019

Secretary of State Mike Pompeo announced April 22, that The White House is ending exemptions from sanctions for countries that import Iranian oil.

The White House initially made the announcement in a statement, which said it was taking "timely action to assure that global demand is met as all Iranian oil is removed from the market."

The decision means sanctions waivers for five nations, including China and India and U.S. treaty allies Japan, South Korea and Turkey, won't be renewed when they expire on May 2.

The move comes as the administration toughens its already strict penalties on Iran by trying to choke off all the revenue the country makes from oil sales.

The waivers had been in place since November, when the administration re-imposed sanctions on Iran after President Donald Trump withdrew the U.S. from the landmark 2015 nuclear deal with Iran.

For more info, please go to https://globalnews.ca/news/5189950/u-...
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