News India Live, Digital Desk: US President Donald Trump has warned to completely stop the purchase of oil and petrochemical products from Iran. In a message released on social media, Trump said, “All purchases of Iranian oil and petrochemicals should stop immediately. No country or person who buy these products will be allowed to do any kind of business with America.”
US-Iran talks postponed
Earlier, Oman’s Foreign Minister Badr Al-Busaidi announced that the talks between the US and Iran on Saturday, 3 May have been postponed for strategic reasons. However, he did not give a clear reason for the adjournment. Three round of talks between the US and Iran have already been held.
Trump further stated that secondary sanctions would be imposed on countries buying oil from Iran. Under this ban, such countries or individuals will not be allowed to have business relations with the US. This restriction can also affect countries that continue business relations with Iran.
Chinese refinery already banned
Two weeks ago, the US had banned the Shandong Shengxing Chemical Limited, an independent refinery in China, as it was involved in the purchase of Iranian crude oil worth more than one billion dollars. With this action, the US also imposed restrictions on companies and ships that are involved in transporting oil from Iran to China.
Trump administration maximum pressure campaign
The Trump administration has decided to strictly implement the restrictions as part of the strategy to create maximum pressure on Iran. The US State Department says that the US will continue to try to finance unstable activities from the sale of oil, further strictly implementing sanctions.
Negotiations likely to happen soon
Iran’s Foreign Ministry said that the decision to postpone the talks has been taken at the request of Oman’s Foreign Minister. At the same time, American sources say that the US had not confirmed the fourth round of talks in Rome yet, but the talks are expected to continue in future.
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