U.S. to reinstate all Iran sanctions from Monday
- 5 years ago
Iran is bracing for what is going to be a major blow to its already shaky economy.
The Trump administration has announced the return of ALL U.S. sanctions on Iran that were lifted under the 2015 nuclear deal.
U.S. Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin revealed the punitive measures on Friday that take aim at Tehran's financial, energy, and transportation sectors; specifically targeting the country's oil industry.
However, eight countries, including South Korea,... are NOT expected to be penalized by Washington for continuing to import oil from Iran.
Tehran's foreign ministry said it isn't concerned about the return of the sanctions.
The measures will take effect from Monday.
The Trump administration has announced the return of ALL U.S. sanctions on Iran that were lifted under the 2015 nuclear deal.
U.S. Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin revealed the punitive measures on Friday that take aim at Tehran's financial, energy, and transportation sectors; specifically targeting the country's oil industry.
However, eight countries, including South Korea,... are NOT expected to be penalized by Washington for continuing to import oil from Iran.
Tehran's foreign ministry said it isn't concerned about the return of the sanctions.
The measures will take effect from Monday.