Stock Photo: SOMKIET POOMSIRIPAIBOON / Shutterstock
By Jeff Mason
THE HAGUE, June 25 (Reuters) – President Donald Trump said on Wednesday that the U.S. has not given up its maximum pressure on Iran – including restrictions on sales of Iranian oil – but signaled a potential easing in enforcement to help the country rebuild.
“They’re going to need money to put that country back into shape. We want to see that happen,” Trump said at a news conference at the NATO Summit when asked if he was easing oil sanctions on Iran.
Trump said a day earlier that China can continue to purchase Iranian oil after Israel and Iran agreed to a ceasefire, but the White House later clarified that his comments did not indicate a relaxation of U.S. sanctions.
Trump imposed waves of Iran-related sanctions on several of China’s independent “teapot” refineries and port terminal operators for purchases of Iranian oil.
(Reporting By Jeff Mason and Jarrett Renshaw; Editing by Chizu Nomiyama)
(c) Copyright Thomson Reuters 2025.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
(Bloomberg) — Donald Trump’s rift with Friedrich Merz is complicating the European Union’s push to finish its US trade deal before fresh tariffs arrive. The US president was reluctant on...
Three U.S. Navy destroyers came under missile, drone and small-boat attack while transiting the Strait of Hormuz on Thursday, according to U.S. Central Command. In a statement released Thursday morning,...
The Trump administration on Thursday escalated its economic campaign against Iran by sanctioning Iraq’s deputy oil minister and multiple militia-linked companies accused of helping Tehran smuggle oil and finance armed...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
