Trump Takes Away Waivers In Buying Iranian Oil
President Donald Trump’s administration ended waivers that let some nations buy Iranian oil.
Before, some countries could buy oil without U.S. sanctions but now everyone will face full sanctions.
Instead of depending on Iran, Saudi Arabia and other OPEC nations will be looked upon for oil.
Trump said: “Saudi Arabia and others in OPEC will more than make up the Oil Flow difference.” According to Reuters, Trump is confident the global market will not be affected with sanctions on Iran.