U.S. Will Let Iran Oil Waiver Expire as Blockade Tightens Grip on Global Flows

By Timothy Gardner and Andrea Shalal

WASHINGTON, April 14 (Reuters) – The Trump administration will allow a 30-day waiver of sanctions on Iranian oil at sea to expire later this week, two administration officials told Reuters on Tuesday, as the U.S. imposes a blockade on shipments from Iranian ports. 

The move signals that “Treasury is going full force on Economic Fury,” on Iran, an apparent reference to Operation Epic Fury, the U.S.-led military campaign against the country, one of the officials said.

The Trump administration has long said it is applying “maximum pressure” on Iran over its nuclear program and support for militants