Trump to reimpose 'maximum pressure' on Iran, aims to drive oil exports to zero
- Summary
- Move brings back tough US policy on Iran from Trump's first term
- Trump to hold talks with Israeli PM Netanyahu on Tuesday
- Campaign 'aimed at driving Iran's oil exports to zero'
WASHINGTON, Feb 4 (Reuters) - U.S. President plans to restore his "maximum pressure" campaign on Iran including efforts to drive its oil exports down to zero in order to stop Tehran from obtaining a nuclear weapon, a U.S. official said on Tuesday.
Ahead of his Israeli Prime Minister Benjamin Netanyahu, Trump was expected to sign the presidential memorandum reimposing Washington's tough policy on Iran that was practiced throughout his first term.
Trump has accused former President Joe Biden of failing to rigorously enforce oil-export sanctions, which Trump says emboldened Tehran by allowing it to sell oil to fund a nuclear weapons program and armed militias in the Middle East.
Iran is of uranium to up to 60% purity, close to the roughly 90% weapons-grade level, the U.N. nuclear watchdog chief told Reuters in December. Iran has denied wanting to develop a nuclear weapon.
Trump's memo will, among other things, order the U.S. Treasury secretary to impose "maximum economic pressure" on Iran, including sanctions and enforcement mechanisms on those violating existing sanctions, the U.S. official said.
The Trump administration will aim to drive "Iran's oil exports to zero," the official said. on Tuesday on the news, which offset some weakness from the tariff drama between Washington and Beijing .
Iran's mission to the United Nations in New York did not immediately respond to a request for comment.
Tehran's oil exports brought in $53 billion in 2023 and $54 billion a year earlier, according to U.S. Energy Information Administration estimates. Output during 2024 was running at its highest level since 2018, based on OPEC data.
Trump had driven Iran's oil exports to near-zero during part of his first term after re-imposing sanctions. They as Iran succeeded in evading sanctions.
Iran should have struck Israel when it had the chance, especially since the US is pulling back from Europe and West Pacific now.
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