US Iran Envoy: Countries buying Iranian oil will be subject to sanctions

In a statement released late-Thursday, the US Special Representative for Iran Brian Hook said that the US will sanction any country which buys oil from Iran after the expiration of waivers on May, 2^nd, as reported by Reuters.

Key Quotes:

Sanctions would be imposed “even if a country had not met its previously-negotiated purchase caps.”

“Our firm policy is to completely zero out purchases of Iranian oil. Period.”