The Trump administration is to inform five nations that they will no longer be exempted from US sanctions if they continue to import oil from Iran, it said Sunday.
Foreign Minister Mike Pompeo plans to push politics further Monday, which would no longer extend sanctions on allies Japan, South Korea and Turkey. The other countries that are no longer exempt are China and India.
The lifting of sanctions will expire on 2 May. The Washington Post first reported the move, and three sources confirmed the Associated Press report.
President Trump finished the measure on Friday, according to the Post, in an effort to exert "maximum economic pressure" by cutting oil exports and reducing the main source of revenue to zero.
In response to the move of the administration and the expectation of a tightening of supply Early trading on Monday indicated that the benchmark Brent crude oil futures increased by as much as 3.2 percent to $ 74.31
The Associated Press contributed to this report.