Speaking at a nationally televised address from the White House, Trump late on Wednesday said, “As we continue to evaluate options in response to Iranian aggression, the United States will immediately impose additional punishing economic sanctions on the Iranian regime."
The measures are the concrete result of President Donald Trump's decision to withdraw from the 2015 multi-nation nuclear deal signed with Tehran signed during the tenure of former President Barack Obama.
The US administration has allowed India and other seven countries to keep importing oil from Iran, despite its reimposition of crippling sanctions on the Persian Gulf nation from November 5.
The sanctions take effect from Monday and cover Iran’s shipping, financial and energy sectors.
Pompeo said that the US is to issue temporary exemption to eight "jurisdictions" from Iranian sanctions recognising their significant reduction in imports of oil from Iran.
"My frequent visits to India are indicative of the importance Saudi Arabia attaches to this great nation as a critical energy and a strategic global player," he said calling the county an "emerging superpower".
India may likely to fall back on the rupee-rial arrangement for importing oil from Iran in case the US forces it to cut procurement of petroleum products from that country, the sources said.
The US today announced fresh sanctions against Iran, targeting 18 individuals or entities for supporting the country's ballistic missile programme or militant groups.
President Barack Obama declined to sign a bill extending the US sanctions against Iran for 10 years but let it become law anyway.
Washington: President Barack Obama on Friday left open the door to "creative negotiations" in response to Iran's demand that punishing sanctions be immediately lifted as part of a nuclear deal, even though the initial agreement
Washington, Mar 21: Virtually putting India and 11 others countries on notice, the US has asked them to significantly reduce by June 28 the purchase of Iranian oil to avoid sanctions, as it announced a
Kapolei (Hawaii), November 15: President Barack Obama defends his efforts to contain Iran's nuclear ambitions, saying that economic sanctions against Tehran have had “enormous bite,” and that he will consult with other nations on additional
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