Once-eased US economic sanctions against Iran back in effect


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(Worthy News) - The first set of U.S. sanctions against Iran that had been eased under the landmark nuclear accord went back into effect early Tuesday under an executive order signed by President Donald Trump, targeting financial transactions that involve U.S. dollars, Iran’s automotive sector, the purchase of commercial planes and metals including gold.

U.S sanctions targeting Iran’s oil sector and central bank are to be reimposed in early November.

The stiff economic sanctions ratchet up pressure on the Islamic Republic despite statements of deep dismay from European allies, three months after Trump pulled the U.S. out of the international accord limiting Iran’s nuclear activities. [ Source: Washington Times (Read More...) ]

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