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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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Germany’s Scholz Rebukes Vance, Defends Europe’s Stance on Hate Speech and Far Right

German Chancellor Olaf Scholz speaks to the media after he met former prisoners following the largest prisoner exchange between Russia and the West in decades, at the military area of Cologne Bonn Airport in Cologne, Germany, August 1, 2024. Photo: Christoph Reichwein/Pool via REUTERS/File Photo
German Chancellor Olaf Scholz delivered a strong rebuke on Saturday to US Vice President JD Vance’s attack on Europe’s stance toward hate speech and the far right, saying it was not right for others to tell Germany and Europe what to do.
Vance lambasted European leaders on Friday, the first day of the Munich Security Conference, accusing them of censoring free speech and criticizing German mainstream parties’ “firewall” against the far-right Alternative for Germany (AfD).
“That is not appropriate, especially not among friends and allies. We firmly reject that,” Scholz told the conference on Saturday, adding there were “good reasons” not to work with the AfD.
The anti-immigration party, currently polling at around 20% ahead of Germany’s February 23 national election, has pariah status among other major German parties in a country with a taboo about ultranationalist politics because of its Nazi past.
“Never again fascism, never again racism, never again aggressive war. That is why an overwhelming majority in our country opposes anyone who glorifies or justifies criminal National Socialism,” Scholz said, referring to the ideology of Adolf Hitler’s 1933-45 Nazi regime.
Vance met on Friday with the leader of AfD, after endorsing the party as a political partner — a stance Berlin dismissed as unwelcome election interference.
Referring more broadly to Vance’s criticism of Europe’s curtailing of hate speech, which he has likened to censorship, Scholz said: “Today’s democracies in Germany and Europe are founded on the historic awareness and realization that democracies can be destroyed by radical anti-democrats.
“And this is why we’ve created institutions that ensure that our democracies can defend themselves against their enemies, and rules that do not restrict or limit our freedom but protect it.”
French Foreign Minister Jean-Noel Barrot added his voice to the defense of Europe’s stance on hate speech.
“No one is required to adopt our model but no one can impose theirs on us,” Barrot said on X from Munich. “Freedom of speech is guaranteed in Europe.”
UKRAINE
The prospect of talks to end the Ukraine-Russia war had been expected to dominate the annual Munich conference after a phone call between US President Donald Trump and Russian leader Vladimir Putin this week, but Vance barely mentioned Russia or Ukraine in his speech to the gathering on Friday.
Instead, he said the threat to Europe that worried him most was not Russia or China but what he called a retreat from fundamental values of protecting free speech – as well as immigration, which he said was “out of control” in Europe.
Many conference delegates watched Vance’s speech in stunned silence. There was little applause as he delivered his remarks.
Asked by the panel moderator if he thought there was anything in Vance’s speech worth reflecting on, Scholz drew laughter and applause in the crowd when he responded, in a deadpan manner: “You mean all these very relevant discussions about Ukraine and security in Europe?”
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Trump Team to Start Russia-Ukraine Peace Talks in Saudi Arabia in Coming Days, Politico Reports

US Rep. Mike Waltz (R-FL) speaks on Day 1 of the Republican National Convention (RNC) at the Fiserv Forum in Milwaukee, Wisconsin, US, July 15, 2024. Photo: REUTERS/Mike Segar
Senior officials from US President Donald Trump’s administration will start peace talks with Russian and Ukrainian negotiators in Saudi Arabia in the coming days, Politico reported on Saturday, citing sources familiar with the plan.
US National Security Advisor Mike Waltz, Secretary of State Marco Rubio and Trump’s Middle East envoy Steve Witkoff will travel to Saudi Arabia, the report said. Special envoy for Ukraine-Russia talks, Keith Kellogg, will not be in attendance, according to the report.
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UN Peacekeeping Mission Deputy Commander Injured After Convoy Attacked in Beirut

FILE PHOTO: A UN peacekeepers (UNIFIL) vehicle is seen next to piled up debris at Beirut’s port, Lebanon October 23, 2020. Photo: REUTERS/Mohamed Azakir/File Photo
The outgoing deputy force commander of the United Nations Interim Force (UNIFIL) in Lebanon was injured on Friday after a convoy taking peacekeepers to Beirut airport was “violently attacked,” UNIFIL said.
The mission demanded a full and immediate investigation by Lebanese authorities and for all perpetrators to be brought to justice, it said in a statement.
Lebanon’s President Joseph Aoun condemned the attack on Saturday, saying that security forces would not tolerate anyone who tries to destabilize the country, according to a statement from his office.
The French government also condemned the attack.
“France calls on the Lebanese security forces to guarantee the security of blue-helmet peacekeeping forces, and calls on Lebanon’s judicial authorities to shed all light on this unacceptable attack and to go after those responsible,” the French foreign ministry said in a statement on Saturday.
Lebanon’s Interior Minister Ahmad al-Hajjar called for an emergency meeting before noon on Saturday to discuss the security situation, Lebanese state news agency NNA reported.
“He affirmed the Lebanese government’s rejection of this assault that is considered a crime against UNIFIL forces,” NNA reported, citing the minister.
He also gave instructions to work on identifying the perpetrators and referring them to the relevant judicial authorities.
The minister told reporters on Saturday that more than 25 people had been detained for investigation over the attack.
The United States earlier condemned the attack. A State Department statement said the attack was carried out “reportedly by a group of Hezbollah supporters”, referring to the Iran-backed militant group in Lebanon.
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