Sputnik - US President Donald Trump in a memorandum to members of his administration made the determination to continue the oil embargo on Iran.



"I determine � 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," Trump said in�the memorandum on�Wednesday.


Trump added that he will continue to�monitor the situation with�respect to�the oil embargo on�Iran closely.

The United States re-imposed sanctions on�Iran after�withdrawing from�the 2015 nuclear agreement with�that country in�May, a move strongly condemned by�Tehran.

The first round�of sanctions was re-introduced in�August, but�tougher restrictions mainly targeting the Iranian oil industry are expected to�go in�effect on�November 5 as�the United States seeks to�squeeze Tehran out�of the global energy market.