U.S. steps up pressure, restores sanctions
WASHINGTON » 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 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.”
Secretary of State Mike Pompeo said the sanctions are “aimed at fundamentally altering the behavior of the Islamic Republic of Iran.” He has issued a list of 12 demands that Iran must meet if it wants the sanctions lifted. Those include ending support for terrorism and military engagement in Syria and a complete halt to its nuclear and ballistic missile development.
The 2015 deal, one of President Barack Obama’s biggest diplomatic successes, gave Iran billions of dollars in sanctions relief in exchange for curbs on its nuclear program, which many believed it was using to develop atomic weapons.
Trump repeatedly denounced the agreement as the “worst ever” negotiated by the United States and vowed to withdraw from it during the 2016 presidential campaign.
Trump and other critics of the deal said it gave Iran too much in return for too little, allowed Iran to gradually resume nuclear activity that could eventually be used for weapons development and did not address any of the country’s other problematic activities.
With limited exceptions, the reimposed sanctions will hit Iran as well as countries that do not stop importing Iranian oil and foreign firms that do business with blacklisted Iranian entities, including its central bank, several private financial institutions, and staterun port and shipping firms, as well as hundreds of individual Iranian officials.
“Our ultimate aim is to compel Iran to permanently abandon its well-documented outlaw activities and behave as a normal country,” Pompeo told reporters in a conference call with Treasury Secretary Steven Mnuchin. “Maximum pressure means maximum pressure.”
Pompeo said eight nations will receive temporary waivers allowing them to continue to import Iranian petroleum products for a limited period as they move to end such imports entirely. He said those countries, which other officials said would include U.S. allies such as Turkey, Italy, India, Japan and South Korea, had made efforts to eliminate their imports but could not complete the task by Monday.
The waivers will be valid for six months, during which time the importing country can buy Iranian oil but must deposit Iran’s revenue in an escrow account. Iran can spend the money but only on a narrow range of humanitarian items.