The Trump administration announced Monday that all countries that continue to import Iranian oil will be subject to US sanctions.
In a statement, the White House said President Donald Trump "has decided not to reissue" waivers regarding sanctions against countries importing Iranian oil when the waivers expire "in early May." The exact deadline is May 2.
"This decision is intended to bring Iran's oil exports to zero, denying the regime its principal source of revenue," the statement from White House press secretary Sarah Sanders read.
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This is a stupid and transparent decision, designed solely to make people buy oil from Russia or Saudi Arabia instead; half the world continues to import Iranian oil, including many European countries and India. Trump is severely overreaching his authority here.