Trump Warns Purchasers of Iranian Oil They Will Be Sanctioned

The warning comes as the United States negotiates with Iran over its nuclear program.

President Donald Trump on May 1 threatened sanctions on countries and people who purchase Iranian oil and petroleum.

โ€œALERT: All purchases of Iranian Oil, or Petrochemical products, must stop, NOW! Any Country or person who buys ANY AMOUNT of OIL or PETROCHEMICALS from Iran will be subject to, immediately, Secondary Sanctions,โ€ he posted on Truth Social. โ€œThey will not be allowed to do business with the United States of America in any way, shape, or form.โ€

The United States has enacted multiple rounds of sanctions targeting Iranโ€™s petroleum and oil sectors, especially as countries such as China have purchased oil from Tehran.

On March 20, the Treasury Department announced it sanctioned what is known as a teapot oil refinery and its leader for buying and refining Iranian crude oil worth hundreds of millions of dollars. The entities that are part of this network are based in Chinaโ€™s Shandong Province, Hong Kong, and other places.

โ€œTeapot refinery purchases of Iranian oil provide the primary economic lifeline for the Iranian regime, the worldโ€™s leading state sponsor of terror,โ€ said Treasury Secretary Scott Bessent in a statement.

On April 10, the Treasury Department said it sanctioned Jugwinder Singh Brar, an Emirati national, and his companies, accusing them of transporting Iranian petroleum.

โ€œThe Iranian regime relies on its network of unscrupulous shippers and brokers like Brar and his companies to enable its oil sales and finance its destabilizing activities,โ€ said Bessent in a statement.

That same day, the State Department announced it had sanctioned four entities, including one based in China, engaged in the Iranian petroleum marketplace.

On April 22, the Trump administration said it sanctioned Iranian national Seyed Asadoollah Emamjomeh and his liquified petroleum shipping network for allegedly selling the product abroad.

โ€œThis revenue funds Iranโ€™s malign behavior, particularly the regimeโ€™s nuclear and ballistic missile programs and its support for terrorist proxies,โ€ said the State Department.

Six days later, the Treasury Department announced it had sanctioned three shipping companies and their vessels for transporting Iranian oil to the regime-backed Houthi terrorist group in Yemen.

Byย Jackson Richman

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Columns

Illinois is Failing Due to Democrats

J.B. Pritzker has thrust himself into the limelight and on center stage in an obvious attempt to run for the presidency in 2028.

Europe Hardens Stance on Asylum Seekers, Faces Legal Battles

Italy is the first EU state to send rejected asylum seekers beyond the blocโ€™s borders, after attempts were blocked by national and European courts.

They Stand Watch

In a span of only six weeks, four current and former Harris County Deputy Sheriffs died. But their deaths were not in the line of duty โ€“ it was suicide.

US Ends Trade Exemption That Enabled Flood of Cheap Chinese Goods

On May 2, the US will end a trading policy exploited by China to flood the U.S. market with cheap goods and smuggle illicit drugs into the country.

HHS to Require Placebo-Controlled Trials for New Vaccines

Health Secretary Robert F. Kennedy Jr. is requiring all new vaccines to be tested against placebos before being licensed, officials said on April 30.

News

Trump Announces Plan to Revoke Harvardโ€™s Tax-Exempt Status

President Trump said he would strip Harvard Univ of its tax-exempt status, as a battle between his administration and the Ivy League school continues.

US Economy Adds 177,000 New Jobs in April, Tops Market Estimates

The U.S. labor market remains solid amid a backdrop of uncertainty as the economy created a higher-than-expected number of new jobs.

Recipients of Pfizer COVID-19 Vaccine Had Higher Mortality Than Those of Moderna: Study

Florida adults who received Pfizerโ€™s COVID-19 vaccine were more likely to die following vaccination than Moderna COVID-19 recipients, according to study.

CIA Launches Videos to Persuade Chinese Officials to Work for Them

As rumors of power struggles within the CCP continue, the CIA published videos persuading Chinese officials to share state and trade secrets with the U.S..

Vance Touts โ€˜Technology of the Futureโ€™ on Display in South Carolina Steel Plant

VP Vance came to Nucorโ€™s steel in SCV to celebrate the Trump adminโ€™s first 100 days, calling it the beginning of the industrial renaissance in the USA.

Trump Admin Asks Supreme Court to Allow Removal of Protected Status for Venezuelan Nationals

Trump admin asked Supreme Court to remove lower courtโ€™s block on its decision to remove TPO's for more than 300,000 Venezuelan nationals.

Amazon Announces $4 Billion Rural Delivery Network, Estimates 100,000 New Jobs

Amazon will invest $4 billion by 2026 to expand its network in rural America for delivering packages faster in densely populated areas, the company said.

Cory Bowman, JD Vanceโ€™s Brother, Prepares for Cincinnati Mayoral Primary

Kings Arms Coffee owner and brother of VP Vance, Cory Bowman, is running for mayor of Cincinnati, a city that hasnโ€™t elected a Republican mayor since the 1970s.
spot_img

Related Articles