U.S. reimposes sanctions on Iran

News

November 2, 2018 - 7:25 PM

WASHINGTON (AP) — The Trump administration on Friday announced the reimposition of all U.S. sanctions on Iran that had been lifted under the 2015 nuclear deal, ramping up economic pressure on the Islamic Republic as President Donald Trump completed the unraveling of what had been one of his predecessor’s signature foreign policy achievements.

The sanctions, which will take effect on Monday, cover Iran’s shipping, financial and energy sectors and are the second batch the administration has reimposed since Trump withdrew from the landmark accord in May. The rollback ends U.S. participation in the nuclear deal, which now hangs in the balance as Iran no longer enjoys any relief from sanctions imposed by the world’s largest economy.

Shortly after the announcement, Trump tweeted a movie poster-like image of himself walking out of what appears to be fog with the phrase “Sanctions are Coming, November 5.”

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