Pompeo expected to announce crackdown on Iranian oil purchases

Pompeo expected to announce crackdown on Iranian oil purchases
© Stefani Reynolds

Secretary of State Mike PompeoMichael (Mike) Richard PompeoIn Afghanistan, give peace a chance — and a lot of time The Hill's Morning Report - Trump seizes House impeachment vote to rally GOP Mystery surrounds elusive sanctions on Russia MORE is set to announce a new crackdown on Iranian oil purchases, according to multiple reports.

The Associated Press and Reuters both reported Monday that Pompeo will alert five nations that they will need to stop importing oil from Iran or face U.S. sanctions.

Those countries — Japan, South Korea, Turkey, India and China — currently have waivers, but sources told both outlets that the Trump administration will not renew the exemptions when they expire on May 2.

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The Washington Post first reported the plan late Sunday.

The State Department did not immediately respond to a request for comment from The Hill on the reports.

It is not immediately clear if five nations will get a chance to wind down their imports or be hit with sanctions on May 3.

The U.S. granted eight nations waivers in November 2018 when it reimposed sanctions on Iran after pulling out of the 2015 nuclear deal.

Three of those nations, Italy, Greece and Taiwan, have stopped importing from Iran already, according to the AP.

Not extending waivers for the other five countries would increase pressure on Iran, cutting off one of its last revenue sources.