.jpg)
5 hours ago
2
Article content
(Bloomberg) — US Energy Secretary Chris Wright hedged when asked about a US “maximum pressure” campaign against Iran, shifting the focus of his answer to looking toward a peace deal.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
In an interview on Bloomberg Television, Wright was asked if “maximum pressure” was still on the table for the administration, referring to policy oft-cited by US President Donald Trump. Wright replied by saying “the goal right now, of course, is to get a peace deal.”
Article content
Article content
“So no, it’s not actively being discussed right now, but the situation is still dynamic there,” Wright said of the policy. He said that the administration is looking to spread “commerce, not conflict.”
Article content
Article content
Trump has indicated that he might be preparing to ease his “maximum pressure” campaign against Iran, potentially undercutting a central policy dating to his first term. Days after US airstrikes on Iran’s nuclear facilities, the president posted on social media Tuesday that “China can now continue to purchase oil from Iran.” That was a dramatic shift from May when he asserted all purchases of Iranian oil and petrochemical products “must stop, NOW!”
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
The US maintains sanctions targeting Iran’s oil industry — the country’s top source of revenue — and its supply chains. Relaxing restrictions on China’s oil purchases would be key for a step back from those sanctions.
Article content
“The sanctions are still in place, no change there,” Wright said in the interview. “What President Trump was referring to there is ‘Hey if we make a large peace and sanctions come off, Iran can flourish.’”
Article content
—With assistance from Annmarie Hordern.
Article content
Advertisement 1
English (US)