Trump Imposes Broad Sanctions Targeting Iranian Oil and Petrochemical Trade

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President Trump has announced that nations purchasing Iranian oil or petrochemicals will be subject to secondary sanctions.

The US President, Donald Trump, has declared that secondary sanctions will be imposed on countries that continue to buy oil or petrochemical products from Iran.

This announcement follows discussions between Washington and Tehran regarding Iran’s nuclear ambitions, with reports suggesting Iran is open to limiting its nuclear program to non-military uses in exchange for the lifting of sanctions.

In a Truth Social post on Thursday, Trump stated that any entity involved in oil trade with Iran “will not be allowed to do business with the United States of America in any way, shape, or form,” and demanded that “all purchases of Iranian oil or petrochemical products must stop, now!”

The announcement follows Wednesday’s State Department sanctions on seven companies for alleged involvement in the “illicit” trade of Iranian oil and petrochemicals, including six UAE-based entities, as well as one Turkish and one Iranian company.

The State Department’s statement accused Iran of contributing to regional conflict, advancing its nuclear program, and aiding “terrorist partners and proxies.” The Treasury Department has not commented on these recent developments or announced further restrictions.

Washington is putting pressure on Tehran to agree to a revised nuclear agreement. Trump withdrew from the 2015 UN-backed agreement during his first term, accusing Iran of covertly violating the terms, and reinstated sanctions. Iran has reportedly reduced its compliance with the agreement.

In March, Trump threatened to bomb Iran “if they don’t make a deal.” Tehran responded that it would not bow to pressure. Oman has facilitated three rounds of discussions between the two nations.

However, Iranian Foreign Minister Abbas Araghchi announced on Thursday that the fourth round has been postponed due to “logistical and technical reasons,” while affirming Tehran’s commitment to reaching “a just and balanced deal.”

The US has also accused Iran of providing support and direction to Houthi fighters in Yemen. Trump initiated a large-scale strike campaign against the militants in March, claiming it was to protect Red Sea shipping.

Earlier on Thursday, US Defense Secretary Pete Hegseth accused Iran of enabling Houthi actions and warned that Washington would respond to Iran’s actions at a time and place of its choosing. Tehran has denied these accusations.