US President Ends Exemptions of Importing Iranian Oil, Affirming the US, KSA and UAE Readiness to Meet the Market Demands

Washington, President Donald J. Trump of the United States of America has decided not to reissue Significant Reduction Exceptions (SREs) when they expire in early May. This decision is intended to bring Iran's oil exports to zero.

In a statement issued by the spokesperson of the White House today, "In line with the presidential declaration, beginning in early May, China, India, South Korea, Turkey, Japan, Taiwan, Italy and Greece will face US sanctions if they continue to buy the Iranian oil.

The White House affirmed that the United States, the Kingdom of Saudi Arabia, and the United Arab Emirates, the world's great energy producers, are committed to ensuring that global oil markets remain adequately supplied.

"The Kingdom of Saudi Arabia and other members in OPEC will completely provide any shortage of the world's oil supplies," the statement added.

The White House affirmed that the US Administration and allies are determined to sustain and expand the maximum economic pressure campaign against Iran to end the regime's destabilizing activity threatening the United States and allies in the Middle East, demonstrating the United States commitment to disrupting Iran's terror network and changing the regime's malign behavior. The statement welcomes the support of the US friends and allies for this effort.

Source: Saudi Press Agency