US President Donald Trump said on Wednesday that he had determined there was sufficient supply of petroleum and petroleum products from countries other than Iran to permit a reduction in purchases from the Islamic Republic.
In a memorandum for the Secretary of State, the Secretary of the Treasury, and the Secretary of Energy, Trump wrote that after carefully considering reports submitted to the Congress by the Energy Information Administration as well as other relevant factors, he had determined “that there is a sufficient supply of petroleum and petroleum products from countries other than Iran to permit a significant reduction in the volume of petroleum and petroleum products purchased from Iran by or through foreign financial institutions.”
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