Almost one year ago, after withdrawing from the Iran nuclear deal, President Trump implemented the strongest pressure campaign in history against the Islamic Republic of Iran. The goal remains simple: to deprive the outlaw regime of the funds it has used to destabilize the Middle East for four decades, and incentivize Iran to behave like a normal country.



Up to 40 percent of the regime’s revenue comes from oil sales. It’s the regime’s number one source of cash. Before our sanctions went into effect, Iran would generate as much as $50 billion annually in oil revenue. Overall, to date, we estimate that our sanctions have denied the regime well north of $10 billion. The regime would have used that money to support terror groups like Hamas and Hizballah and continue its missile development in defiance of UN Security Council Resolution 2231, and it would have perpetuated the humanitarian crisis in Yemen.

Our goal has been to get countries to cease importing Iranian oil entirely. Last November, we granted exemptions from our sanctions to seven countries and to Taiwan. We did this to give our allies and partners to wean themselves off of Iranian oil, and to assure a well-supplied oil market. Read More

Related news: Trump Is Working to Bring Iran’s Oil Exports to Zero

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