US reimposes sanctions on Iran

US reimposes sanctions on Iran

Agency News

Washington, Nov 3: The Trump administration has announced the reimposition of all US sanctions on Iran that had been lifted by the former President Obama under the 2015 nuclear deal.

The sanctions take effect from Monday and cover Iran's shipping, financial and energy sectors. They are the second batch the administration has reimposed since Trump withdrew from the landmark accord in May, BBC reported.

Secretary of State Mike Pompeo on Friday said that the sanctions are “aimed at fundamentally altering the behavior of the Islamic Republic of Iran.” He has released a list of 12 demands that Iran must meet if it wants the sanctions lifted. They include ending support for terrorism, ending military engagement in Syria and completely halting its nuclear and ballistic missile development.

Pompeo said eight nations, which other officials identified as US allies such as Italy, India, Japan and South Korea, will receive temporary waivers allowing them to continue to import Iranian petroleum products for a limited period as long as they end such imports entirely.

He said those countries had made efforts to eliminate their imports but could not complete the task by Monday’s deadline.

The 2015 deal, one of former President Barack Obama's biggest diplomatic achievements, 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 said it gave Iran too much in return for too little. (UNI)