European leaders gathered in the Austrian city of Salzburg on Thursday for the second day of an informal summit. One of the main issues are the deadlocked negotiations on Brexit, the final agreement on which is supposed to be laid out in October. Immigration, a major policy point for Austrian Chancellor Sebastian Kurz, whose government holds the rotating EU presidency, and security in the bloc are the other major talking points.
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.
Congress and the Trump administration are issuing a stern warning to European partners: End all business ties with the Iranian regime or face harsh new sanctions in the coming months, a move that could impact international financial markets and U.S. banks tied to foreign monetary institutions, according to multiple senior U.S. officials who spoke to the Washington Free Beacon about diplomatic efforts to pressure Europe on Iran.