Trump Reimposes Iranian Economic Sanctions

U.S. President Donald Trump has reimposed economic sanctions against Iran, effective at midnight Monday, assailing Tehran as “a murderous dictatorship that has continued to spread bloodshed, violence, and chaos.”

Trump, acting three months after he withdrew the U.S. from the 2015 international accord restraining Iran’s nuclear development program, said the new sanctions target the Islamic Republic’s automotive sector, its trade in gold and other precious metals, along with its currency, the Iranian rial, and other financial transactions.

He said that on November 5, the U.S. would also resume sanctions against Iran’s energy-related transactions, as well as business conducted by foreign financial institutions with the Central Bank of Iran.

Trump, in the midst of a working vacation at his Bedminster golf resort in New Jersey, renewed his attack on the international nuclear pact, calling it “a horrible, one-sided deal” that “failed to achieve the fundamental objective of blocking all paths to an Iranian nuclear bomb,” while giving it “a lifeline of cash” when earlier sanctions were lifted.

“Since the deal was reached, Iran’s aggression has only increased,” Trump said. He said Iran has used “the windfall of newly accessible funds” it received “to build nuclear-capable missiles, fund terrorism, and fuel conflict across the Middle East and beyond.”

He added, “To this day, Iran threatens the United States and our allies, undermines the international financial system, and supports terrorism and militant proxies around the world.”

An Iranian woman walks past paintings of a Persian poetry in downtown Tehran, Iran, Monday, July 30, 2018. Iran’s currency has dropped to a record low ahead of the imposition of renewed American sanctions, with many fearing prolonged economic suffering or possible civil unrest.

In Washington, senior administration officials said that while critics of Trump’s withdrawal from the Iran pact predicted that the threat of unilateral sanctions reimposed by the U.S. would be ineffective, the reality has shown the opposite.

“Three months out, we have a very different picture in front of us,” with higher unemployment, “widespread protests, social issues and labor unrest,” one Trump official said.

One of the officials said that nearly 100 international firms have announced their intention to leave the Iranian market, particularly in the energy and finance sectors.

The official said the U.S. expects Iran will blame the U.S. for any new hardships, saying, “They’ve been doing it for almost 40 years. Now, it’s there. It’s their modus operandi. But I think you can see the Iranian people start to see through that. We would like to see a change in the regime behavior and I think the Iranian people are looking for the same thing.”

The European Union, which remains a supporter of the three-year-old nuclear pact with Iran, said it is taking counter-measures to blunt the impact of the sanctions Trump has reinstituted.

The EU said it is simultaneously implementing a “blocking statue” as the new sanctions take effect stopping European companies from complying with the U.S. sanctions unless they have permission to do so. It also blocks the effect of any U.S. court actions in Europe related to the sanctions.

In his statement, Trump said the U.S. “is fully committed to enforcing all of our sanctions, and we will work closely with nations conducting business with Iran to ensure complete compliance. Individuals or entities that fail to wind down activities with Iran risk severe consequences.”

The other signatories to the 2015 pact — Germany, Britain, France, Russia and China — all continue to support it. The International Atomic Energy Agency, which is monitoring the implementation of the deal, says Iran is in compliance and that the agreement has allowed for greater verification of Iran’s nuclear activities.

U.S. Secretary of State Mike Pompeo speaks at a press conference on the sidelines of the 51st ASEAN Foreign Ministers Meeting in Singapore, Saturday, Aug. 4, 2018.

U.S. Secretary of State Mike Pompeo speaks at a press conference on the sidelines of the 51st ASEAN Foreign Ministers Meeting in Singapore, Saturday, Aug. 4, 2018.

U.S. Secretary of State Mike Pompeo said Iran has to start behaving like what he calls a “normal country.”

“This is just about the Iranians’ dissatisfaction with their own government and the president’s (Trump) been pretty clear. We want the Iranian people to have a strong voice in who their leadership will be,” Pompeo told reporters Sunday.

The 2015 agreement called for Iran to sharply curb its uranium enrichment program in exchange for the end of most sanctions. Iran has repeatedly denied its nuclear program was aimed at developing nuclear weapons.

Trump has said he would be willing to meet with Iranian President Hassan Rouhani anytime without preconditions. But with both presidents swapping threats and insults, a meeting seems unlikely.

“We’re hopeful that we can find a way to move forward, but it’s going to require enormous change on the part of the Iranian regime,” Pompeo said.

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