Logo

Trump Hints at Easing Iran Oil Sanctions to Aid Reconstruction

Reuters

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.

gCaptain

Related News

Wärtsilä: All-Time High Operating Result And Cash ...

2 months ago

MISC Awarded Newbuild LCO₂ Carrier to Support Nort...

2 months ago

Mammoet signs support contract with Seatrium for T...

2 months ago

South Korea shipping splits as HMM profits slide w...

2 months ago

NORDEN reports net profit of USD 120 million (DKK ...

2 months ago