Washington may slap sanctions on governments that fail to reduce Iranian oil imports to "zero" by early November, a senior State Department official has warned. But some partners seem reluctant to follow the demand. The US administration has been pushing its allies to follow US President Donald Trump's lead after he decided to pull out of the landmark nuclear agreement between Iran and six world powers. A senior State Department official told reporters on Tuesday he had been traveling to Europe and Asia to convince allies to isolate the "stream of Iranian funding."
India and China traditionally used to get a waiver from sanctions and kept trading with Iran even before the 2015 agreement, so speculation is rife as to whether they will manage to find workarounds this time.The State Department acknowledges that cutting off Iranian oil imports completely is a challenge that no country wants to do voluntarily.
https://www.rt.com/newsFirst of all I dont find any relevance of this topic regarding bitcoin because in my opinion there is no comparison relation of bitcoin with the bitcoin price but in relevance of this topic I would like to say that US might be afraid that their GDP and the valuation of their dollar will be fall down if China and India continue to buy oil from Iran and that is why trump has denied them not to buy oil from Iran but I think these two countries are smart enough in themselves and would take their own decisions.