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President Trump said any person or country who purchases Iranian oil will face “secondary sanctions” and not be allowed to conduct business with the United States.
“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,” Trump said.
“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. TRUMP,” he added.
Per CNBC:
Trump in February ordered a “maximum pressure” campaign against Iran that aims to completely shut down the Islamic Republic’s oil exports. The president accused Iran in remarks at the White House Thursday of financing militant groups throughout the Middle East.
Trump also initiated negotiations with Iran in Oman in April over its nuclear program. He said in February that he wants to prevent Iran from developing a nuclear bomb. Tehran has denied it is seeking such a weapon. The president said in February he would prefer to reach a deal with Iran. During his first term, Trump pulled the U.S. out of the nuclear agreement negotiated with Iran by President Barack Obama.
Trump’s comments are clearly directed at China, which is importing more than 1 million barrels per day from Iran, said Scott Modell, CEO of consulting firm Rapidan Energy. Modell said U.S. sanctions are unlikely to have an impact on Iranian oil flowing to China unless the White House targets Beijing’s state-owned enterprises and infrastructure.
WATCH:
“ANY OIL THAT ANYBODY TAKES FROM IRAN IS NOT ALLOWED TO DO BUSINESS IN AMERICA”@POTUS just put implemented this sanction as of last night. pic.twitter.com/UtLy3iNvg3
— Real America’s Voice (RAV) (@RealAmVoice) May 1, 2025
From the Associated Press:
It was unclear how Trump would implement such a ban as he threatened to levy secondary sanctions on nations that import Iranian oil. But his statement risked further escalating tensions with China — Iran’s leading customer — at a time when the relationship is severely strained over the U.S. president’s tariffs.
Based on tanker tracking data, the U.S. Energy Information Administration concluded in a report published last October that “China took nearly 90% of Iran’s crude oil and condensate exports in 2023.” Trump has separately placed 145% tariffs on China as a way to raise federal revenues and rebalance global trade.
Trump’s social media threat came after Oman announced planned nuclear negotiations for this coming weekend had been postponed. Omani Foreign Minister Badr al-Busaidi made the announcement in a post on the social platform X.
“For logistical reasons we are rescheduling the US Iran meeting provisionally planned for Saturday May 3rd,” he wrote. “New dates will be announced when mutually agreed.”
Al-Busaidi, who has mediated the talks through three rounds so far, did not elaborate.
Iran’s Foreign Ministry spokesperson Esmail Baghaei issued a statement describing the talks as being “postponed at the request of Oman’s foreign minister.” He said Iran remain committed to reaching ”a fair and lasting agreement.”
