The United States will continue to impose sanctions on whoever purchases the Iranian regime’s oil or conducts business with the regime’s Islamic Revolutionary Guards Corps (IRGC) and no oil waivers will be re-issued, a U.S. official told Reuters on Sunday.
“We will continue to put pressure on Iran and as President (Trump) said there will be no waivers of any kind for Iran’s oil,” said Sigal Mandelker, U.S. Treasury Under Secretary for Terrorism and Financial Intelligence.
Mandelker added that the Iranian regime’s oil sales have taken a “serious nose dive” because of U.S. pressure.
Tehran’s crude oil exports were slashed by more than 80% due to the re-imposed sanctions by Washington after President Donald Trump exited last year the 2015 nuclear deal between Iran’s regime and world powers.
Since ditching the nuclear deal, calling it skewed to the regime’s advantage, President Trump has reimposed sanctions to strangle the regime’s vital oil trade and force Tehran to accept stricter limits on its nuclear activity, curb its ballistic missile program and end its support for proxy terrorist forces around the Middle East.