US imposes sanctions on Iranian oil marketers

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The Trump administration has announced it will no longer exempt any countries from US sanctions if they continue to buy Iranian oil, increasing economic pressure on the Middle Eastern country.

The White House is stepping up pressure on Iran in a move that primarily affects the five remaining major importers – China and India, and the US treaty allies Japan, South Korea and Turkey.

President Donald Trump made the decision as part of the “maximum pressure” campaign on Iran, although Turkey and China have already criticised the administration.

The move aims to eliminate all of Iran’s revenue from oil exports, which the US says funds destabilising activity throughout the Middle East and beyond.

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