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U.S. To End Waivers For Iran Oil imports

Oil exports are a key source of revenue for Tehran, which has been hit hard by the reimposition of U.S. sanctions.

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U.S. Secretary of State Mike Pompeo (file photo)
U.S. Secretary of State Mike Pompeo. RFERL

U.S. President Donald Trump has decided not to reissue waivers in May allowing importers to buy Iranian oil without facing U.S. sanctions, the White House said in a statement on April 21.

The United States, Saudi Arabia and the United Arab Emirates “have agreed to take timely action to assure that global demand is met as all Iranian oil is removed from the market,” the White House said.

“This decision is intended to bring Iran’s oil exports to zero, denying the regime its principal source of revenue,” the statement added.

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

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The move is part of the Trump administration’s tough line on Iran. VOA

U.S. Secretary of State Mike Pompeo said Washington has had “extensive and productive discussions with Saudi Arabia, the United Arab Emirates, and other major producers to ease this transition and ensure sufficient supply.”

U.S. Senator Ted Cruz (Republican-Texas) applauded the end of oil waivers for Iran.

“This decision will deprive the ayatollahs of billions of dollars that they would have spent undermining the security of the United States and our allies, building up Iran’s nuclear and ballistic-missile programs and financing global terrorism,” he said.

The move is part of the Trump administration’s tough line on Iran.

“We will continue to apply maximum pressure on the Iranian regime until its leaders change their destructive behavior, respect the rights of the Iranian people, and return to the negotiating table,” Pompeo said in an April 22 statement.

oil-refinery
“This decision is intended to bring Iran’s oil exports to zero, denying the regime its principal source of revenue,” the statement added. Pixabay

Oil exports are a key source of revenue for Tehran, which has been hit hard by the reimposition of U.S. sanctions.

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Ahead of Washington’s announcement, an unamed Iranian Oil Ministry source told the semiofficial Tasnim news agency that the United States will fail to cut Iranian oil exports to zero.

“Whether the waivers continue or not, Iran’s oil exports will not be zero under any circumstances unless Iranian authorities decide to stop oil exports…and this is not relevant now,” Tasnim quoted the unnamed “informed source” as saying. (RFERL)

Next Story

US President Donald Trump Declares National Emergency Over Cyber Threats

The world's third largest smartphone maker, on the contrary, has repeatedly rubbished the allegations

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tariffs, chinese imports
U.S. President Donald Trump delivers remarks on a range of subjects during an event in the Roosevelt Room at the White House in Washington, May 9, 2019. VOA

With a motive to protect US communications network from “foreign adversaries”, President Donald Trump declared a national emergency on Wednesday.

The executive order gives the federal government powers to restrict US companies from doing business transactions with certain foreign tech suppliers “posing an unacceptable risk to the national security”, said White House Press Secretary Sarah Sanders in a statement.

According to the statement, Trump signed the executive order as “part of his commitment to protecting the information and communications technology and services” of the US.

“The President has made it clear that this Administration will do what it takes to keep America safe and prosperous, and to protect America from foreign adversaries who are actively and increasingly creating and exploiting vulnerabilities in information and communications technology infrastructure and services in the United States,” said the White House statement.

Donald Trump
US President Donald Trump earlier criticised social media platforms including Facebook and Twitter for anti-conservative bias. VOA

“This Executive Order declares a national emergency with respect to the threats against information and communications technology and services in the United States and delegates authority to the Secretary of Commerce to prohibit transactions posing an unacceptable risk to the national security,’ it added.

If reports are to be believed, Trump’s order is directed at Chinese telecom major Huawei. US believes that Huawei’s equipment could be used by China for surveillance.

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The world’s third largest smartphone maker, on the contrary, has repeatedly rubbished the allegations.

Last year, Trump signed a bill that barred the US government and its contractors from using components from Huawei and several other Chinese communications companies. (IANS)