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

‘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

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