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Trump Reimposes ‘Maximum Pressure’ on Iran, Aims to Drive Oil Exports to Zero
US President Donald Trump speaks at the White House, in Washington, DC, Feb. 3, 2025. Photo: REUTERS/Elizabeth Frantz
US President Donald Trump on Tuesday restored his “maximum pressure” campaign on Iran that includes efforts to drive its oil exports down to zero in order to stop Tehran from obtaining a nuclear weapon.
Ahead of his meeting with Israeli Prime Minister Benjamin Netanyahu, Trump signed the presidential memorandum reimposing Washington’s tough policy on Iran that was practiced throughout his first term.
As he signed the memo, Trump described it as very tough and said he was torn on whether to make the move. He said he was open to a deal with Iran and expressed a willingness to talk to the Iranian leader.
“With me, it’s very simple: Iran cannot have a nuclear weapon,” Trump said. Asked how close Tehran is to a weapon, Trump said: “They’re too close.”
Iran‘s mission to the United Nations in New York did not immediately respond to a request for comment.
Trump has accused former President Joe Biden of failing to rigorously enforce oil-export sanctions, which Trump says emboldened Tehran by allowing it to sell oil to fund a nuclear weapons program and armed militias in the Middle East.
Iran is “dramatically” accelerating enrichment of uranium to up to 60 percent purity, close to the roughly 90 percent weapons-grade level, the UN nuclear watchdog chief told Reuters in December. Iran has denied wanting to develop a nuclear weapon.
Trump‘s memo, among other things, orders the US Treasury secretary to impose “maximum economic pressure” on Iran, including sanctions and enforcement mechanisms on those violating existing sanctions.
It also directs the Treasury and State Department to implement a campaign aimed at “driving Iran‘s oil exports to zero.” US oil prices pared losses on Tuesday on the news that Trump planned to sign the memo, which offset some weakness from the tariff drama between Washington and Beijing.
Tehran’s oil exports brought in $53 billion in 2023 and $54 billion a year earlier, according to US Energy Information Administration estimates. Output during 2024 was running at its highest level since 2018, based on OPEC data.
Trump had driven Iran‘s oil exports to near-zero during part of his first term after re-imposing sanctions. They rose under Biden’s tenure as Iran succeeded in evading sanctions.
The Paris-based International Energy Agency believes Saudi Arabia, the United Arab Emirates, and other OPEC members have spare capacity to make up for any lost exports from Iran, also an OPEC member.
PUSH FOR SANCTIONS SNAPBACK
China does not recognize US sanctions and Chinese firms buy the most Iranian oil. China and Iran have also built a trading system that uses mostly Chinese yuan and a network of middlemen, avoiding the dollar and exposure to US regulators.
Kevin Book, an analyst at ClearView Energy, said the Trump administration could enforce the 2024 Stop Harboring Iranian Petroleum (SHIP) law to curtail some Iranian barrels.
SHIP, which the Biden administration did not enforce strictly, allows measures on foreign ports and refineries that process petroleum exported from Iran in violation of sanctions. Book said a move last month by the Shandong Port Group to ban US-sanctioned tankers from calling into its ports in the eastern Chinese province signals the impact SHIP could have.
Trump also directed his UN ambassador to work with allies to “complete the snapback of international sanctions and restrictions on Iran,” under a 2015 deal between Iran and key world powers that lifted sanctions on Tehran in return for restrictions on its nuclear program.
The US quit the agreement in 2018, during Trump‘s first term, and Iran began moving away from its nuclear-related commitments under the deal. The Trump administration had also tried to trigger a snapback of sanctions under the deal in 2020, but the move was dismissed by the UN Security Council.
Britain, France, and Germany told the United Nations Security Council in December that they are ready — if necessary — to trigger a snapback of all international sanctions on Iran to prevent the country from acquiring a nuclear weapon.
They will lose the ability to take such action on Oct. 18 when a 2015 UN resolution expires. The resolution enshrines Iran‘s deal with Britain, Germany, France, the United States, Russia, and China that lifted sanctions on Tehran in exchange for restrictions on its nuclear program.
Iran‘s UN ambassador, Amir Saeid Iravani, has said that invoking the “snap-back” of sanctions on Tehran would be “unlawful and counterproductive.”
European and Iranian diplomats met in November and January to discuss if they could work to defuse regional tensions, including over Tehran’s nuclear program, before Trump returned.
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UN Security Council Meets on Iran as Russia, China Push for a Ceasefire
Members of the Security Council cast a vote during a United Nations Security Council meeting on the 3rd anniversary of Russia’s invasion of Ukraine at UN headquarters in New York, US, Feb. 24, 2025. Photo: REUTERS/David Dee Delgado
The U.N. Security Council met on Sunday to discuss US strikes on Iran’s nuclear sites as Russia, China and Pakistan proposed the 15-member body adopt a resolution calling for an immediate and unconditional ceasefire in the Middle East.
It was not immediately clear when it could be put to a vote. The three countries circulated the draft text, said diplomats, and asked members to share their comments by Monday evening. A resolution needs at least nine votes in favor and no vetoes by the United States, France, Britain, Russia or China to pass.
The US is likely to oppose the draft resolution, seen by Reuters, which also condemns attacks on Iran’s nuclear sites and facilities. The text does not name the United States or Israel.
“The bombing of Iranian nuclear facilities by the United States marks a perilous turn in a region that is already reeling,” U.N. Secretary-General Antonio Guterres told the Security Council on Sunday. “We now risk descending into a rathole of retaliation after retaliation.”
“We must act – immediately and decisively – to halt the fighting and return to serious, sustained negotiations on the Iran nuclear program,” Guterres said.
The world awaited Iran’s response on Sunday after President Donald Trump said the US had “obliterated” Tehran’s key nuclear sites, joining Israel in the biggest Western military action against the Islamic Republic since its 1979 revolution.
U.N. nuclear watchdog chief Rafael Grossi told the Security Council that while craters were visible at Iran’s enrichment site buried into a mountain at Fordow, “no one – including the IAEA – is in a position to assess the underground damage.”
Grossi said entrances to tunnels used for the storage of enriched material appear to have been hit at Iran’s sprawling Isfahan nuclear complex, while the fuel enrichment plant at Natanz has been struck again.
“Iran has informed the IAEA there has been no increase in off-site radiation levels at all three sites,” said Grossi, who heads the International Atomic Energy Agency.
Iran requested the U.N. Security Council meeting, calling on the 15-member body “to address this blatant and unlawful act of aggression, to condemn it in the strongest possible terms.”
Israel‘s U.N. Ambassador Danny Danon said in a statement on Sunday that the U.S. and Israel “do not deserve any condemnation, but rather an expression of appreciation and gratitude for making the world a safer place.”
Danon told reporters before the council meeting that it was still early when it came to assessing the impact of the U.S. strikes. When asked if Israel was pursuing regime change in Iran, Danon said: “That’s for the Iranian people to decide, not for us.”
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Israel Rejects Critical EU Report Ahead of Ministers’ Meeting
FILE PHOTO: Smoke rises from Gaza after an explosion, as seen from the Israeli side of the border, June 11, 2025. Photo: REUTERS/Amir Cohen/File Photo
Israel has rejected a European Union report saying it may be breaching human rights obligations in Gaza and the West Bank as a “moral and methodological failure,” according to a document seen by Reuters on Sunday.
The note, sent to EU officials ahead of a foreign ministers’ meeting on Monday, said the report by the bloc’s diplomatic service failed to consider Israel’s challenges and was based on inaccurate information.
“The Foreign Ministry of the State of Israel rejects the document … and finds it to be a complete moral and methodological failure,” the note said, adding that it should be dismissed entirely.
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Pope Leo Urges International Diplomacy to Prevent ‘Irreparable Abyss’
FILE PHOTO: Pope Leo XIV holds a Jubilee audience on the occasion of the Jubilee of Sport, at St. Peter’s Basilica, at the Vatican June 14, 2025. Photo: REUTERS/Yara Nardi/File Photo
Pope Leo on Sunday said the international community must strive to avoid war that risks opening an “irreparable abyss,” and that diplomacy should take the place of conflict.
US forces struck Iran’s three main nuclear sites overnight, joining an Israeli assault in a major new escalation of conflict in the Middle East as Tehran vowed to defend itself.
“Every member of the international community has a moral responsibility: to stop the tragedy of war before it becomes an irreparable abyss,” Pope Leo said during his weekly prayer with pilgrims.
“No armed victory can compensate for the pain of mothers, the fear of children, the stolen future. Let diplomacy silence the weapons, let nations chart their future with peace efforts, not with violence and bloody conflicts,” he added.
“In this dramatic scenario, which includes Israel and Palestine, the daily suffering of the population, especially in Gaza and other territories, risks being forgotten, where the need for adequate humanitarian support is becoming increasingly urgent,” Pope Leo said.
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