“Anyone doing business with Iran will NOT be doing business with the United States.”
The 1st stiff set of US sanctions against Iran that had been eased under the landmark nuclear accord went back into effect at Midnight Tuesday under an executive order signed by President Donald Trump, targeting financial transactions that involve USDs, Iran’s automotive sector, the purchase of commercial planes and metals including Gold, Silver and Copper/
More US sanctions targeting Iran’s Oil and Gas sector and central bank will be reimposed in early November.
In an early-morning tweet, Trump said the re-imposition of sanctions mean, “Anyone doing business with Iran will NOT be doing business with the United States.”
“I am asking for WORLD PEACE, nothing less!”
The stiff economic sanctions ratchet up pressure on the Islamic Republic despite statements of deep dismay from European allies, three months after President Trump pulled the US out of the international accord limiting Iran’s nuclear activities.
President Trump declared the landmark Y 2015 agreement had been “horrible,” leaving the Iranian government flush with cash to fuel conflict in the Middle East.
As the sanctions loomed Monday, President Trump said in a statement, “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.”
President Trump warned that those who do notwind down their economic ties to Iran “risk severe consequences.”
The the EU’s foreign ministers said the Iran deal is “crucial for the security of Europe, the region and the entire world,” and the European Union issued a “blocking statute” Monday to protect European businesses from the impact of the sanctions.
A senior administration official, briefing reporters under ground rules requiring anonymity, said the United States is “not particularly concerned” by EU efforts to protect European firms from the sanctions.
Months of uncertainty surrounding the sanctions have already further hurt Iran’s economy. The country’s Rial currency has tanked, and the downturn has sparked protests across the nation.
US officials insist the American government stands with the people of Iran and supports many of their complaints against their own government.
National security adviser John Bolton said Iran’s leadership is on “very shaky ground,” he insisted economic pressure from The Trump Administration is not an attempt at “regime change.”
Secretary of State Mike Pompeo said sanctions are an important pillar in US policy toward Iran and will remain in place until the Iranian government radically changes course.
“They have got to behave like a normal country. That’s the ask. It’s pretty simple,” said Secretary Pompeo Sunday.
Israeli Prime Minister Benjamin Netanyahu, a firm foe of the Iranian government, said the sanctions symbolize “the determination to block Iran’s regional aggression as well as its continuous plans to arm itself with nuclear weapons.”
He called on the countries of Europe to join the US, saying, “The time has come to stop talking; the time has come to do.”
The US has long designated Iran as the world’s foremost state sponsor of terrorism, Secretary Pompeo noted Sunday, adding that the Islamic Republic cannot expect to be treated as an equal in the international community until it halts such activities.
He said that “there is no evidence today of a change in their behavior,” and in the meantime “we are going to enforce the sanctions.
Note: Iran will likely start negotiating in good faith after President Donald Trump’s decision to reinstate stiff sanctions, Representative Ted Yoho (R-FL), a member of the House Foreign Affairs Committee, said Tuesday.
Latest posts by HEFFX Australia (see all)
- Perfect Time to Buy Gold 1 OZ (XAU=X) - July 7, 2020
- China Life Insurance Company Limited (2628.HK) Completes Heffx Target, Recommend Sell - July 6, 2020
- Kingold Jewelry, Inc. (NASDAQ:KGJI) Strong Sell - July 6, 2020