President Trump and Prime Minister Netanyahu have reached an agreement to exert pressure on Iran's oil exports, particularly targeting its sales to China.
Sources indicate that President Donald Trump and Israeli Prime Minister Benjamin Netanyahu have formed a united front to put pressure on Iran's oil exports. A senior official informed Axios that the two leaders are committed to placing maximum pressure on Iran, especially concerning its oil sales to China, which constitute over 80% of Iran's total oil exports. The decision follows a meeting between Trump and Netanyahu, during which strategies to curtail Iran's oil revenue were discussed.
As part of this strategy, President Trump has authorized a presidential order that allows the U.S. to impose a 25% tariff on countries that engage in trade with Iran. This move signifies a robust approach by the U.S. to limit Iran's economic capabilities by targeting its primary source of income — oil exports. The implications of this could lead to significant economic strain on Iran, especially if oil shipments to China are effectively reduced.
Next week, U.S. envoy Steve Witkoff and Jared Kushner, Trump’s son-in-law, are scheduled to meet with Iranian representatives in Geneva, Switzerland. This meeting could further shape the dynamics of U.S.-Iran relations amid heightened tensions and economic challenges for Iran. The developments indicate a critical phase in geopolitical maneuvering concerning Iran's oil market and its ramifications on international trade with the country.
