Trump says any country that buys oil from Iran will not be allowed to do business with U.S.

President Donald Trump said Thursday any country or person that buys oil or petrochemicals from Iran will not be allowed to do any business with the U.S.

U.S. crude oil
futures rose $1.03, or 1.77%, to close at $59.24 per barrel, while global benchmark Brent
gained $1.07, or 1.75%, to settle at $62.13. Iran is one of the biggest oil producers in OPEC.

“Any Country or person who buys ANY AMOUNT of OIL or PETROCHEMICALS from Iran will be subject to, immediately, Secondary Sanctions,” Trump said in a post on his social media platform Truth Social. “They will not be allowed to do business with the United States of America in any way, shape, or form.”

https://www.cnbc.com/2025/05/01/trump-iran-oil-sanctions.html