US reimposes tough, unilateral sanctions against Iran

US reimposes tough, unilateral sanctions against Iran

US reimposes tough, unilateral sanctions against Iran

"We are always in favour of diplomacy and talks".

Now, the sanctions ban most transactions with Iran's central bank; its network of ports and insurance companies; the purchase of Iranian sovereign debt; and trade in gold, graphite, aluminum and other precious metals.

The first set of US sanctions against Iran that had been eased under the landmark nuclear accord have gone back into effect. Sanctions are already badly affecting people's lives.

"I am asking for WORLD PEACE, nothing less!" he said.

The first of two rounds of U.S. sanctions kicked in at 12:01 am (0431 GMT), targeting Iran's access to USA banknotes and key industries including cars and carpets.

"Preserving the nuclear deal with Iran is a matter of respecting global agreements and a matter of worldwide security", she said, in a joint statement on Monday along with the foreign ministers of France, Germany, and the United Kingdom.

Heavier US sanctions, aimed at Iran's oil sector, are due in November.

Iran has chosen to sow discord and destruction throughout the Middle East and President Trump is fighting back.

The statute, set to enter into force by 6am Tuesday, is a response to the Trump administration decision in May to unilaterally withdraw from the 2015 Iran nuclear deal.

The President described them as the most "biting" ever imposed and warned other nations against trading with Iran in violation of the sanction.

He said: "If you stab someone with a knife and then you say you want talks, then the first thing you have to do is remove the knife".

Looming US sanctions against Iran will likely hit Tehran's oil sales overseas, and it could lead to a price spike in oil contracts.

European governments are infuriated by Trump's strategy, which leaves their businesses in Iran faced with the threat of USA legal penalties.

"We deeply regret the re-imposition of sanctions by the United States, due to the latter's withdrawal from the Joint Comprehensive Plan of Action (JCPOA)", according to a statement on Monday from the foreign ministers of the UK, Germany, France and the EU.

Trump announced in May that he was pulling the U.S. out of the 2015 nuclear deal, a key foreign policy legacy of his predecessor Barack Obama, which saw some economic sanctions against Iran lifted in exchange for limits on the country's nuclear programme.

Iranian Foreign Minister Mohammad Javad Zarif told reporters the global reaction to Trump's move showed that the U.S. was diplomatically "isolated".

The European Union has also spoken out against the sanctions, vowing to protect firms doing "legitimate business". It has added to tensions inside Iran, which has seen days of protests and strikes in multiple towns and cities over water shortages, high prices and wider anger at the political system.

Saudi Arabia and Israel, Iran's key regional rivals, are among the only countries to strongly support the reimposition of U.S. sanctions.

Many hope and believe that Iran's leaders will need to "drink the poison cup" and negotiate with the United States eventually.

Israeli Prime Minister Benjamin Netanyahu hailed the renewed sanctions as "an important moment for Israel, for the United States, for the region, for the whole world".

There is a new confidence in Washington's foreign policy.

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