The White House announced on Monday it will no longer grant sanctions exemptions to Iran’s oil customers, in a bid to squeeze the Islamic republic’s top export.
“President Donald J. Trump has decided not to reissue Significant Reduction Exceptions (SREs) when they expire in early May,” the administration said in a statement.
“This decision is intended to bring Iran’s oil exports to zero, denying the ‘regime’ its principal source of revenue.”
Source: AFP
