Trump says China can continue buying Iranian oil after Israel-Iran ceasefire, hinting at softer sanctions enforcement.
President Donald Trump said China can continue purchasing oil from Iran following a ceasefire between Israel and Iran, a move analysts say signals a possible easing of U.S. sanctions enforcement. Trump’s statement came days after he ordered airstrikes on Iranian nuclear sites and caused oil prices to drop nearly 6%.
Experts warn this could mark a shift away from Trump’s earlier “maximum pressure” campaign aimed at stopping Iran’s oil exports.
Although full suspension or waivers of sanctions would require complex inter-agency actions and congressional notifications, Trump’s message indicates a return to more relaxed enforcement.
China, the largest buyer of Iranian oil, has criticized U.S. sanctions as “illegal unilateral measures.” The policy shift could unsettle U.S. allies like Saudi Arabia, while sanctions enforcement has so far had limited impact on Iran’s exports.
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Oil prices edged lower on Tuesday (16 June) as traders assessed the possibility of oil supplies returning through the Strait of Hormuz following a preliminary agreement aimed at ending the conflict involving Iran.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 16 June, covering the latest developments you need to know.
U.S. President Donald Trump has threatened to impose 100% tariffs on French wine and champagne unless France removes its digital services tax on major American technology companies.
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Israeli Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel does not consider itself bound by a Lebanon-related provision in an emerging agreement with Iran, according to Israeli officials.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
The United Kingdom has imposed a new wave of sanctions on Russia, targeting key financial institutions, logistics networks and vessels accused of helping Moscow sustain its war in Ukraine.
Ukraine has said it struck an oil refinery in Russia’s Moscow region, marking one of the deepest reported attacks into Russian territory in recent months.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
A Chinese-linked hacking group secretly stole data from academic, medical and military research institutions in the U.S. and Canada for more than a year before being discovered, according to a report published by Google on Monday.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 16 June, covering the latest developments you need to know.
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