The U.S. President stressed that he would continue to closely monitor this situation.

The U.S. administration believes that the volume of oil supply on world markets still makes it possible to painlessly reduce its purchases from Iran by other countries. This is stated in a memorandum signed by U.S. President Joe Biden and published by the White House press service.

According to the document, the American leader, based on the information provided to him, came to the conclusion that “there is a sufficient supply of oil and petroleum products from countries other than Iran,” allowing for a “significant reduction” in the volume of fuel purchases from Tehran “by foreign financial institutions or through such.” “I will continue to monitor this situation carefully,” states the memorandum, which was sent to U.S. Secretary of State Antony Blinken, Treasury Secretary Janet Yellen, and Energy Secretary Jennifer Granholm.

Washington’s sanctions regime requires regular consideration by the President of the question of whether the United States should continue to seek the complete refusal of other countries from buying Iranian oil or whether an exception can be made due to the situation on the global energy market. The previous American government, led by President Donald Trump, pursued a policy aimed at trying to reduce Iran’s oil exports to zero and Tehran’s receipt of hard currency income due to this. The United States is trying to give such sanctions an extraterritorial character. Washington threatens to apply restrictions to those states that continue to buy oil from Iran.