BREAKING: White House says the US is ending sanction waivers for countries importing Iran oil, increasing economic pressure on Iran.
Secretary of State Mike Pompeo answers a question during a news conference on Friday, April 19, 2019, at the Department of State in Washington. The White House says the U.S. is ending exemptions from sanctions for countries that import Iranian oil. In a statement, the White House said it was taking “timely action to assure that global demand is met as all Iranian oil is removed from the market.”
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. They were granted in part to give those countries time to eliminate their purchases of Iranian oil but also to ease any impact on global energy markets with the abrupt removal of Iran’s production.
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