PM Netanyahu praises US decision to end sanction waivers for Iranian oil

PM Netanyahu praises US decision on Iran oil sanctions

Prime Minister Benjamin Netanyahu has praised the Trump administration’s decision to end sanction waivers for countries importing Iranian oil.

Netanyahu said Monday that the move “is of great importance for increasing pressure on the Iranian terrorist regime.”

“We stand with the United States’ determination against Iranian aggression and this is the right way to stop it,” he said.

The Trump administration on Monday told five countries – Japan, South Korea, Turkey, China, and India – that they will no longer be exempt from US sanctions if they continue to import oil from Iran after their waivers end on May 2.

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“We’re going to zero. We’re going to zero across the board,” US Secretary of State Mike Pompeo told reporters after the White House made the announcement in a statement. “There are no (oil) waivers that extend beyond that period, full stop,” he said, adding that there will be no grace period for those economies to comply.

The U.S. reimposed sanctions in November on exports of Iranian oil after President Trump unilaterally pulled out of a nuclear accord struck in 2015 between Iran and world powers. Washington, however, granted eight of Iran’s biggest oil buyers exemptions that allowed them limited purchases for an additional six months.