Feb 05, 2025
Komal Das
Trump Imposes Maximum Economic Pressure on Iran, Aims to Halt Oil Exports
Trump reinstated his "maximum pressure" campaign on Iran, targeting zero oil exports, ahead of meeting Netanyahu
Trump signed the memo, stressing Iran can't have a nuclear weapon, as they’re "too close"
Trump criticized Biden for not enforcing sanctions, allowing Iran to fund its nuclear program. Iran is enriching uranium to 60%
Trump’s memo enforces sanctions and aims to reduce Iran’s oil exports to zero. U.S. oil prices rose slightly, easing tariff concerns
Iran’s oil exports hit $53 billion in 2023. Trump reduced them, while Biden allowed a rise. OPEC can offset losses
China bypasses U.S. sanctions on Iranian oil. Trump may enforce SHIP law to curb exports, which Biden did not strictly enforce
Trump directed the U.N. ambassador to reinstate sanctions on Iran, after the U.S. left the 2015 deal and Iran violated nuclear commitments
Britain, France, and Germany are ready to trigger a snapback of sanctions on Iran before a U.N. resolution expires in October
Iran calls the move unlawful. Diplomatic talks were held to ease tensions before Trump’s return
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