Economics
Trump's ‘Zero’ Pledge on Iran Oil Sales Tests Key Relationships
- Move clouds trade talks with China and dealings with allies
- Bartering for oil might provide a loophole to avert sanctions
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President Donald Trump has warned other countries for months that they must choose between doing business with Iran and the U.S. Now, the president will show how serious he is about a decision to deny any exceptions from his ban on Iranian oil exports.
The move puts the administration in direct conflict with Iran oil customers that are important to the U.S. in different ways, and it risks hampering important initiatives on trade and security, from China to South Korea, India and Turkey.