• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 3 mins The lies and follies of the "cry wolf" enviros: No more fire in the kitchen: Cities are banning natural gas in homes to save the planet
  • 4 hours China Burns More Coal than the Rest of the World !
  • 42 mins Iran Finds New Oil Field With Over 50 Billion Barrels: Rouhani
  • 4 hours "Climate Migrants"
  • 19 mins CHK Trading @ 90 Cents
  • 6 hours New York State Taxpayers Lose 900 Million to Tesla
  • 3 hours Does Brazil Auction Flop Forbode the Outcome of the Saudi Aramco IPO ?
  • 2 hours China's Renewables Boom Hits the Wall
  • 22 hours Water, Trump, and Israel’s National Security
  • 11 hours Giant Windmills Wildly Unpopular
  • 24 hours The End For Deutsche Bank and the European Union?
Alt Text

OPEC Oil Output Jumps From Decade Low

New Platts data shows that…

Alt Text

The Aramco Valuation Will Soon Be Revealed

There was a familiar oil…

Julianne Geiger

Julianne Geiger

Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.

More Info

Premium Content

Trump Imposes “Hard-Hitting Sanctions” On Iran’s Supreme Leader

The United States has levied new sanctions on Iran today in an effort to further squeeze the regime into compliance over the controversial nuclear deal and stave off additional hostilities from the Middle Eastern nation. Today’s sanctions target the Ayatollah Khamenei directly.

“Today’s action follows a series of aggressive behaviors by the Iranian regime in recent weeks, including shooting down of US drones,” US President Donald Trump told reporters in a video carried by Reuters, on Monday afternoon, adding that they have done “many other things,” referencing the oil tanker attacks off the coast of Oman.

“The Supreme Leader of Iran is one who ultimately is responsible for the hostile conduct of the regime,” the President explained, adding that Ayatollah Ali Khamenei’s office “oversees the regime’s most brutal instruments, including the Islamic Revolutionary Guard Corp.”

Today’s new sanctions “will deny the Supreme Leader and the Supreme Leader’s office and those most closely affiliated with him and the office, access to key financial resources and support,” the President said, adding that America does not seek conflict with Iran, and that it looks forward to the day when the sanctions can finally be lifted and Iran could become a peaceful nation. President Trump said that this could be as early as tomorrow or could take years, but followed that comment up with this one: “We cannot ever let Iran have a nuclear weapon.”

 After he signed today’s new sanctions, the President was asked whether it was his goal to sign a new deal with Iran.  “We would love to be able to negotiate a new deal if they want to. If they don’t want to, that’s fine too.”

The sanctions have reportedly brought Iran’s oil exports down to below 500,000 barrels per day from a high of 2.5 million barrels per day, although Iran today said that those reported export figures were incorrect, without offering new figures. Iran has maintained that its oil exports have been largely unaffected despite US pressure.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play