An Iranian national flag flies to the refinery of Persian Gulf Star Co. (PGSPC) condensate refinery in Bandar Abbas, Iran, January 9, 2019.
Ali Mohammadi | Bloomberg | Getty images
President Donald Trump said Thursday that any country or person who buys oil or Iran petrochemicals would not be authorized to do business with the United States
US gross oil Understanding contracts increased by $ 1.11, or 1.91%, to $ 59.32 per barrel, while Global Benchmark Brent increased by $ 1.15, or 1.88%, to $ 62.21 per barrel.
“Any country or person buying an amount of oil or Iran petrochemicals will be submitted, immediately, to secondary sanctions,” said Trump in an article on his social media platform Social truth. “They will not be allowed to do business with the United States of America in any way, a form or a form.”
Trump has implemented what he has called a “maximum pressure” campaign against Iran since its entry into office, which aims to completely close oil exports from the Islamic Republic. The president accused Iran of using oil revenues to finance militant groups across the Middle East.
Trump also launched negotiations with Iran on his nuclear program. His administration thinks that Iran is trying to develop a nuclear bomb, an allegation that Tehran denied.
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