New US Sanctions on Iran Take Effect

The sanctions are designed to target Iranian oil exports and the country's financial sector in a bid to push Tehran to dismantle its nuclear and missile programs as well as its sponsorship of militant groups

Photo: AP

The United States on Monday has officially imposed what the Trump administration describes as the “toughest ever” sanctions against Iran, meant to curb Tehran's nuclear and ballistic missile programs and contain its growing influence in the Middle East.

The move by the White House re-imposes US sanctions that were lifted as part of a 2015 multinational deal with Tehran and impose hundreds of additional sanctions designed to hit Iran's key economic sectors – including oil and gas, shipping and banking.

The move is “aimed at depriving the regime of the revenues that it uses to spread death and destruction around the world,” Secretary of State Mike Pompeo said last week. “Our ultimate aim is to compel Iran to permanently abandon its well-documented outlaw activities and behave as a normal country.”

“President Trump's bold decision is the sea-change the Middle East has been waiting for,” Israel’s Defense Minister Avigdor Lieberman commented today. “In a single move, the United States is dealing a critical blow to Iran's entrenchment in Syria, Lebanon, Gaza, Iraq, and Yemen.”


[Source: NPR]