US ends sanctions waivers for Iran oil imports: White House
Tehran (KNA) - US President Donald Trump has decided not to renew waivers that allow eight countries to buy Iranian oil without facing Washington's sanctions, the White House says.
The White House said in a statement issued on Monday that the US president would not reissue Significant Reduction Exceptions (SREs) when they expire in early May, a move aimed at bringing Iran's oil exports to zero.
"The United States, Saudi Arabia and the United Arab Emirates ... along with our friends and allies, are committed to ensuring that global oil markets remain adequately supplied," the White House statement said, adding, "We have agreed to take timely action to assure that global demand is met as all Iranian oil is removed from the market."
Source: PressTV