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Trump says any country that buys oil from Iran will not be allowed to do business with U.S.

  • President Donald Trump threatened sanctions on any country or person buying Iranian oil or petrochemical products on Thursday, barring them from business with the U.S.
  • The threat came after scheduled negotiations aimed at curbing Iran's nuclear activities and potentially easing sanctions were delayed.
  • Iran, which produced 2.9 million barrels per day in 2023 and supplies nearly 90% of its crude exports to China, faces intensified U.S. Efforts to stop all purchases of Iranian oil.
  • President Donald Trump warned that all imports of Iranian oil and petrochemical goods must cease immediately, a statement that contributed to a nearly 1% rise in oil prices amid heightened tensions in the Middle East.
  • The U.S. Sanctions and postponed talks highlight ongoing tensions and suggest continued economic pressure and diplomatic uncertainty over Iran's nuclear ambitions.
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The Hamilton Spectator broke the news in Hamilton, Canada on Thursday, May 1, 2025.
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