US Secretary of State Mike Pompeo announces the end of sanction exemptions for the import of Iranian oil, starting May 1. Photo: Xinhua

China to be exposed to sanctions as US says it will end Iran oil import waivers on May 1

  • The move represents the Trump administration’s latest move to starve Iran of its main source of revenue
  • China is the world’s No 1 oil importer and a major buyer of Iranian oil
Topic |   Iran

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US Secretary of State Mike Pompeo announces the end of sanction exemptions for the import of Iranian oil, starting May 1. Photo: Xinhua
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The US eventually aims to halt Iranian oil exports and thereby choke Tehran’s main source of revenue. File photo: Reuters

‘We’re going to zero’: US to end Iran oil waivers on May 2, opening up China to US sanctions

  • The US granted eight oil sanctions waivers when it reimposed sanctions on Iran to give countries more time to find alternate energy sources
  • US now wants to further ramp up pressure on Iran by strangling the revenue it gets from oil exports
Topic |   Iran

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The US eventually aims to halt Iranian oil exports and thereby choke Tehran’s main source of revenue. File photo: Reuters
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