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Trump administration announces new Iran crackdown targeting oil revenue


Added 04-22-19 09:29:02am EST - “The Trump administration on Monday targeted Iran's energy sector by announcing the U.S. would no longer exempt any countries from sanctions for importing Iranian oil.” - Foxnews.com

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Posted By TheNewsCommenter: From Foxnews.com: “Trump administration announces new Iran crackdown targeting oil revenue”. Below is an excerpt from the article.

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Secretary of State Mike Pompeo sits down with 'Fox & Friends' to discuss working with Mexico and Central American countries to stop the flow of drugs and migrants into the U.S. and explains how the Trump administration wants to help bring democracy to Venezuela.

The Trump administration on Monday targeted Iran’s energy sector by announcing the U.S. would no longer exempt any countries from sanctions for importing Iranian oil.

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

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.

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