US reimposes sanctions on Iran, spelling end to 2015 pact

August 7, 2018

Middle East Eye:

The United States reimposed a number of sanctions on Iran on Tuesday, turning the clock back to a time before 2015, when Tehran had penalties lifted in return for curbing its nuclear programme.

The first of two waves of sanctions targeted Iranian access to foreign currency and exports and imports of carpets and cars. The renewed sanctions were among those lifted under the nuclear pact, which US President Trump unilaterally abandoned in May.

Trump said the new sanctions were designed to heap financial pressure on Iran, whose economy is already struggling. They were also being reimposed to force a “comprehensive and lasting solution” to Iranian threats, he said, including its development of missiles and regional “malign” activities in countries such as Syria, Yemen and Lebanon.

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