Trump Threatens Secondary Sanctions Against Any Country Buying Iranian Oil

Trump announced on social media: “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.” The primary target was China, which was importing over 1 million barrels per day from Iran. The threat represented an escalation of economic warfare designed to cut off Iran’s primary source of revenue and force concessions in nuclear negotiations.