The United States has announced reimposition of the “toughest” sanctions ever against Iran in an attempt to curtail the Islamic Republic’s oil exports and put extra pressure on the country’s economy.
US Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin took the podium at the State Department’s Foreign Press Center in Washington on Monday to unveil what the White House claims will force Iran to abandon its nuclear and ballistic missile programs while rolling back Tehran’s influence in the Middle East region.
Pompeo said the US had successfully persuaded over 20 countries to stop or dramatically reduce their oil imports from Iran, causing Tehran’s overall sales to suffer by more than 1 million barrels per day.
The campaign of pressure had also taken away over $2.5 billion in Iran’s oil revenue, he further claimed.
However, the top US diplomat admitted that Washington had failed to get the main buyers of Iranian…