FILE PHOTO: Gas flares from an oil production platform at the Soroush oil fields in the Persian Gulf, south of the capital Tehran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo
WASHINGTON (Reuters) - U.S. President Donald Trump has decided to eliminate all waivers issued to eight economies allowing them to buy Iranian oil without facing U.S. sanctions, the White House said on Monday, while vowing to ensure global oil market was well supplied.
Secretary of State Mike Pompeo is expected to make an announcement on Monday detailing the decision.
In a tense standoff between nuclear-armed nations that threatens to destabilize Asia, both sides are digging in, with one warning of unspecified “countermeasures” and the other saying it won’t be bullied.
The president of Lithuania has said she wants an ongoing U.S. troop presence in her country in light of increased Russian activity in the region and in response to Moscow's preparations for military exercises in neighboring Belarus late this year.