Sanctions will go back into place effective midnight tonight.
President Trump on Monday renewed sanctions on Iran as he followed through on vows to unravel the Obama-era nuclear deal with Tehran.
“Our policy is based on a clear-eyed assessment of the Iranian dictatorship, its sponsorship of terrorism, and its continuing aggression in the Middle East and all around the world,” Trump said in a statement.
The move comes three months after Trump pulled out of the deal and is part of an effort to apply “maximum economic pressure” on the regime, according to the administration.
The order drew a swift rebuke from European allies, though, whose foreign ministers said they “deeply regret” the re-imposition of U.S. sanctions on Iran. The European Union issued a “blocking statute” Monday to protect European businesses from the sanctions.
A senior administration official told the Associated Press the United States is “not particularly concerned” by such EU efforts to protect European firms…
The first set of U.S. sanctions coming back on Monday target Iran’s automotive sector as well as gold and other metals.
A second batch of U.S sanctions targeting Iran’s oil sector and central bank will be re-imposed in early November.