The US president has warned of crippling sanctions on the Tehran’s oil industry if it rejects Washington’s “olive branch”
US President Donald Trump has threatened to reduce Iran’s oil exports to zero if ongoing talks in Oman fail, which are aimed at reviving the 2015 nuclear deal. In 2018, Trump unilaterally withdrew from the accord that eased sanctions on Tehran in exchange for curbs on its nuclear program.
“If Iran’s leadership rejects this olive branch… we will have no choice but to inflict massive maximum pressure, drive Iranian oil exports to zero,” Trump said at the Saudi-US Investment Forum in Riyadh on Tuesday.
The US president reminded the audience of the crippling sanctions he imposed in 2018, which he claimed left Iran’s economy on the brink of collapse. “They were a virtually bankrupt country because of what I did,” he claimed.
In 2023, the UN Human Rights Council reported that Washington’s sanctions prevented Iranians from receiving vital medical care. The report noted that producers, shippers, insurers, or banks are reluctant to do business with Iran, fearing “aggressive US sanctions enforcement and penalties.” This has led to “fear, pain and premature death,” it added.
Iranian Foreign Minister Abbas Araghchi reported progress in the negotiations with the US, noting that the two sides have reached “a better understanding.”
Trump withdrew the US from the 2015 UN-backed deal on Iran’s nuclear program during his first term in office, accusing the Islamic Republic of secretly violating the agreement. Tehran has denied any wrongdoing but has since rolled back its own commitments under the deal and increased its stockpile of enriched uranium.
The US and its allies have expressed concern about Iran’s enrichment activities, which they fear could provide the country with a head start to quickly produce weapons-grade uranium.
On Sunday, Iranian President Masoud Pezeshkian rejected a key US demand to dismantle his country’s nuclear infrastructure.
Tehran has insisted that its nuclear activities are for peaceful purposes only and has repeatedly dismissed the allegations that it is seeking to create a nuclear bomb.
