Trump said that the world's oil supply was enough to significantly reduce Iran's oil exports.

"I have determined that there is an adequate supply of oil and petroleum products from countries other than Iran. This allows a significant reduction in the volume of oil purchased from Iran or through financial institutions. foreign policy, "Trump said in a memo sent to his administration on October 25.

The US President said he would continue to closely monitor the situation and directed Secretary of State Mike Pompeo to announce this decision in the Federal Gazette, a means for the US government to announce publicly changes to the requirements, policies and guidelines. The Federal Gazette is published on working days each week, excluding holidays.

US-Iran relations have been increasingly strained since Trump unilaterally withdrew from the Joint Comprehensive Plan of Action (JCPOA) and imposed a "maximum pressure" policy on Tehran. Sanctions from the White House boss have led to a sharp drop in Iran's oil export revenue and put the country's economy in a difficult situation.

In late September, the United States continued to impose another round of sanctions on Iran, including its central bank after the attack on two refineries in Saudi Arabia.

Houthi rebels in Yemen have claimed responsibility for carrying out the attack, but the US says Iran is the mastermind. The Islamic Republic has repeatedly denied involvement, calling the US allegations "nonsense", to create an excuse to legitimize future actions against Tehran.