According to Reuters, the Trump Administration imposed sanctions against Iranian exports of crude oil.<br />The move is part of the administration's rejection of an international nuclear accord, which eased sanctions against Iran.<br />US President Donald Trump chose to abandon the 2015 Iran nuclear deal back in May.<br />Since then, the US State Department estimates that Iran has lost over $2.5 billion in oil revenue.<br />Iranian President Hassan Rouhani called the action economic war, while Foreign Minister Mohammad Javad Zarif said the sanctions are bullying Iran and isolating Washington D.C. <br />
