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Donald Trump says he will impose secondary sanctions on buyers of Iran’s oil

Crude prices rise after US president intensifies pressure on Tehran as nuclear talks falter

Donald Trump has announced secondary sanctions on Iranian oil as Washington intensifies a “maximum pressure” campaign against the Islamic Republic amid faltering talks over its nuclear programme. 

The US president said on Thursday that anyone buying Iranian oil or products would be frozen out of doing business with the US, stepping up a crackdown on a vital revenue source for Tehran and further squeezing China, its biggest importer.

“All purchases of Iranian Oil, or Petrochemical products, must stop, NOW!” Trump wrote on his Truth Social Platform. 

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