Trump Reverses Iran Oil Sanctions Policy | JQJO

Former President Trump announced on Truth Social that China can resume purchasing oil from Iran, seemingly reversing his administration's previous sanctions. This follows a recent US-led military strike on Iranian nuclear sites and a subsequent de-escalation. Trump's statement, made while attending a NATO summit, contrasts sharply with his administration's prior "maximum pressure" campaign targeting Chinese refineries buying Iranian oil. The White House has yet to comment, and analysts express caution, noting the ongoing volatility in the region and the potential for market impact. Trump claims credit for arranging a ceasefire between Israel and Iran, though details remain unclear.