13 hours ago
Last Updated:May 02, 2025, 07:09 IST
In February Trump restored a ”maximum pressure” campaign on Iran which includes efforts to drive its oil exports to zero and help prevent Tehran from developing a nuclear weapon.
US President Donald Trump threatens sanctions on any buyer of Iranian oil. (Image/File)
US President Donald Trump on Thursday said all purchases of Iranian oil or petrochemical products must stop and any country or person buying any from Iran would be immediately subject to secondary sanctions.
“All purchases of Iranian Oil, or Petrochemical products, must stop, NOW! Any Country or person who buys ANY AMOUNT of OIL or PETROCHEMICALS from Iran will be subject to, immediately, Secondary Sanctions. They will not be allowed to do business with the United States of America in any way, shape, or form," Trump said in a post on Truth Social.
Trump’s threat came following the postponement of the latest US-Iran talks over its nuclear program, which had been due to take place in Rome on Saturday.
Oman announced that planned nuclear negotiations for this coming weekend had been postponed. The announcement was made by Omani Foreign Minister Badr al-Busaidi in a post on the social platform X.
“For logistical reasons, we are rescheduling the US-Iran meeting provisionally planned for Saturday May 3rd," he wrote. “New dates will be announced when mutually agreed."
Trump Threatens Sanctions Against Buyers of Iranian Oil
Tehran was targeted by Trump’s administration with a series of sanctions on entities including a China-based crude oil storage terminal and an independent refiner on accusations of being involved in illicit trade in oil and petrochemicals.
In February this year, Trump restored a “maximum pressure" campaign on Iran, which includes efforts to drive its oil exports to zero and help prevent Tehran from developing a nuclear weapon.
What Are Secondary Sanctions?
Secondary sanctions are those where one country seeks to punish a second country for trading with a third by barring access to its own market. Secondary sanction is a powerful tool for the United States because of the size of its economy.
Analysts have said that to really crack down on Iran’s oil exports, the US would have to impose secondary sanctions on entities such as Chinese banks that facilitate the purchases of Iranian oil, news agency Reuters reported. China is the largest buyer of Iranian crude.
(With agency inputs)
Location :United States of America (USA)
First Published:News world 'Buying Iranian Oil Must Stop': Trump Threatens Buyers Of Immediate Secondary Sanctions
