VP Vance Gives His View of Iran 'From the Inside'
U.S. Ambassador to Israel Mike Huckabee Sends a Powerful Message to Trump
Protester Showed Up to 'No Kings' Demonstration With a Gun—What Cops Found at...
This GOP Lawmaker Just Introduced Legislation to Prohibit US Involvement in Israel-Iran Wa...
Israel Just Took Out Iran’s New Military Chief—After Only Four Days on the...
Netanyahu Just Dropped a Scathing Threat Against Iranian Leader on Live TV
Did Amy Klobuchar Actually Get Something Right?
Tax Cuts, Work Rules, and SALT Fights, The Senate’s Rewrite of the Big...
Kash Patel Drops Bombshell Related to 2020 Election
Take a Look at Some of the 'Worst of the Worst' Criminal Aliens...
NYT Warns Voters: This Leading Candidate Is Too Left Wing, Even for Us
The Louvre Abruptly Closed This Week. Here's Why.
'Founding Fighters': Jamie Raskin Thinks Mighty Highly of Himself
Here's How a Florida Man Booked 120 Free Flights Before He Got Caught
Iranian History, Life Under the Islamic Republic, and the Current Conflict
Tipsheet

Trump Administration Officially Cuts Off Iranian Oil Exports

AP Photo/Ebrahim Noroozi

The Trump administration announced Monday morning the United States will no longer be issuing waivers to countries purchasing oil from Iran. Countries that continue to purchase Iranian oil will be subject to U.S. sanctions.

Advertisement

"President Donald J. Trump has decided not to reissue Significant Reduction Exceptions (SREs) when they expire in early May. This decision is intended to bring Iran’s oil exports to zero, denying the regime its principal source of revenue," White House Press Secretary Sarah Sanders released in a statement. "The United States, Saudi Arabia, and the United Arab Emirates, three of the world’s great energy producers, along with our friends and allies, are committed to ensuring that global oil markets remain adequately supplied. We have agreed to take timely action to assure that global demand is met as all Iranian oil is removed from the market."

Secretary of State Mike Pompeo addressed the change at the State Department, emphasizing this move is part of the administration's overall pressure campaign against Iran.

This news comes on top of the Trump administration officially classifying the Iranian Revolutionary Guard as a Foreign Terrorist Organization earlier this month.

Advertisement

"The Trump Administration and our allies are determined to sustain and expand the maximum economic pressure campaign against Iran to end the regime’s destabilizing activity threatening the United States, our partners and allies, and security in the Middle East," the White House released in a statement. "The President’s decision to eliminate all SREs follows the designation of the Islamic Revolutionary Guard Corps as a Foreign Terrorist Organization, demonstrating the United States commitment to disrupting Iran’s terror network and changing the regime’s malign behavior. We welcome the support of our friends and allies for this effort."

Republicans on Capitol Hill are praising the move.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement