U.S. State Dept. set to announce on Monday all countries will have to completely end their imports of Iran's oil or be subject to U.S. sanctions

The Trump administration is poised to end a program that has allowed five large nations, including China and India, to buy Iranian oil despite American sanctions, two senior American officials said on Sunday, a decision that is intended to squeeze Tehran’s government but could lead to higher oil and gasoline prices.

The move to choke off all exports of Iranian oil is part of an increasingly aggressive pressure campaign by the Trump administration to starve Iran of revenue with the goals of forcing political change among its ruling clerics and getting it to rein in its military actions across the Middle East.

“President Trump sees that without a maximum pressure campaign, the rulers of the Islamic Republic of Iran may be able to hunker down and attempt to wait him out,” he said. “Cutting off their oil exports will make that much more difficult.”

Saudi Arabia has also wanted an end to the waivers because Iran is its main foe.
[link to www.nytimes.com (secure)]