Trump on Truth Social:
ALERT: All purchases of Iranian Oil, or Petrochemical products, must stop, NOW! Any Country or person who buys ANY AMOUNT of OIL or PETROCHEMICALS from Iran will be subject to, immediately, Secondary Sanctions. They will not be allowed to do business with the United States of America in any way, shape, or form. Thank you for your attention to this matter, PRESIDENT DONALD J. TRUMPThe US has been sanctioning buyers of Iran's oil for awhile but it mostly goes to China and it's not like they could be tariffed any more than they already are.
The bigger question around Iran are the ongoing nuclear talks. If those fall apart there could be real repercussions in the oil market.
An even bigger development would be if US Congress were to put secondary sanctions on Russian oil.
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