Some U.S. Economic Sanctions Against Iran Back in Effect

(AP-Washington Post) Susannah George and Zeke Miller - The first set of U.S. sanctions against Iran went back into effect Tuesday under an executive order signed by President 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 November. Trump said in a statement Monday, "We urge all nations to take such steps to make clear that the Iranian regime faces a choice: either change its threatening, destabilizing behavior and reintegrate with the global economy, or continue down a path of economic isolation." Secretary of State Mike Pompeo said Sunday, "They've got to behave like a normal country. That's the ask. It's pretty simple." In response, Iranian President Rouhani said that Iran still can rely on China and Russia to keep its oil and banking sectors afloat, and demanded compensation for decades of American "intervention" in the Islamic Republic.

2018-08-07 00:00:00

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