President Trump Puts the Heaviest Pressures Back on Iran

President Trump Puts the Heaviest Pressures Back on Iran

President Trump Puts the Heaviest Pressures Back on Iran

Friday, The Trump Administration announced the re-imposition of all US sanctions on Iran that had been lifted under the Y 2015 nuclear deal.

The sanctions take effect Monday and cover Iran’s shipping, financial and energy sectors. It’s the 2nd batch of penalties that the administration has reimposed since President Donald Trump withdrew from the Hussein Obama deal in May.

With limited exceptions, the sanctions will penalize countries that do not Stop importing Iranian Crude Oil and foreign companies that do business with blacklisted Iranian entities, including Iran’s central bank, a number of private financial institutions and state-run port and shipping companies.

Secretary of State Mike Pompeo said the sanctions are “aimed at fundamentally altering the behavior of the Islamic Republic of Iran.” He has released a list of 12 demands that Iran must meet if it wants the sanctions lifted. They include ending support for terrorism, ending military engagement in Syria and completely halting its nuclear and ballistic missile development.

“Maximum pressure means maximum pressure,” he said.

Secretary Pompeo said 8ht nations, which other officials identified as US allies such as Italy, India, Japan and South Korea, will receive temporary waivers allowing them to continue to import Iranian petroleum products for a limited period as long as they end such imports entirely. He said those countries had made efforts to eliminate their imports but could not complete the task by Monday’s deadline.

Treasury Secretary Stephen Mnuchin said 700 more Iranian companies and people would be added to the sanctions lists under the reimposed sanctions.

Iran hard-liners in Congress and elsewhere probably will be disappointed in the sanctions because they were pushing for no Crude Oil import waivers as well as the complete disconnection of Iran from the main international financial messaging network known as SWIFT.

Secretary Mnuchin defended the move to allow some Iranian banks to remain connected to SWIFT, saying that the Belgium-based firm had been warned that it will face penalties if sanctioned institutions are permitted to use it.

Secretaries Pompeo and Mnuchin both said the sanctions will have exceptions for humanitarian purchases.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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