Trump Drops Hammer on Iranian Oil: "Buy It, Get Blacklisted"
May 1 (Reuters) – Trump just declared open season on anyone dumb enough to buy Iranian oil. In his classic no-nonsense style, he blasted on Truth Social:
"Buy Iranian oil? Congrats—you’re now banned from doing business with the U.S. Period."
What’s Happening?
Full embargo mode: Trump’s bringing back his "maximum pressure" campaign to choke Iran’s oil exports to ZERO.
Secondary sanctions = economic death sentence: If China (or anyone else) keeps buying, the U.S. will cut them off from American markets.
Targets already in sight: The U.S. just slapped sanctions on a Chinese oil storage hub and an independent refinery tied to Iranian crude.
Why This Matters
China’s the big buyer—so if Trump really wants to hurt Iran, he’ll have to go after Chinese banks next.
Oil markets could freak: If Iran’s supply gets yanked, prices might spike (again).
Iran’s nuclear plans? Trump’s betting that starving Tehran of cash will force them to back down.
Bottom Line
Trump’s not playing games. If you’re dealing with Iran, prepare for a U.S. boot on your neck.