Netanyahu lauds US decision to end waivers on Iran oil sanctions

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Title : Netanyahu lauds US decision to end waivers on Iran oil sanctions
Link : Netanyahu lauds US decision to end waivers on Iran oil sanctions

Prime Minister Benjamin Netanyahu lauded the Trump administration’s Monday announcement that it will no longer grant exemptions from sanctions to Iran’s oil customers, as the US said it intended to squeeze the Islamic Republic’s top export.

“The decision of President Trump and the American administration is of great importance for increasing the pressure on the Iranian terror regime,” Netanyahu’s office said in a statement. “We stand by the determination of the United States against Iranian aggression and this is the right way to stop it.”

US President Donald Trump’s administration said Monday it would not renew waivers to five countries that continue to import oil from Iran. The waivers are set to expire next month.

Trump made the decision as part of the administration’s “maximum pressure” campaign on Iran that aims to eliminate all of its revenue from oil exports, which the US says funds destabilizing activity throughout the Middle East and beyond.

“This decision is intended to bring Iran’s oil exports to zero, denying the regime its principal source of revenue,” the White House said in a statement. (Read More)