Iran sanctions 'snap back' at midnight
The Trump administration reimposed sanctions on Iran Monday, saying the penalties that were lifted under former President Barack Obama will be rigorously enforced until Tehran radically changes its behavior, including the funding of terrorism.Iran has shown little interest in renegotiating its deal with the US prior to the reissuance of the sanctions regime. It will have to give up its ballistic missile program and stop funding terrorists. Those moves would also be popular with much of the Iranian populations that is tired of the mullahs wasting assets on wars.
The first set of U.S. sanctions are targeting Iran’s automotive industry, as well as gold and other metals, following President Trump’s decision in May to withdraw from the Iran nuclear deal. Those sanctions had been lifted by the Obama administration under the terms of the landmark deal in 2015 that gave Tehran an infusion of cash, which the U.S. says paid for terrorist activities.
Mr. Trump said in a statement that he remains “open to reaching a more comprehensive deal that addresses the full range of the regime’s malign activities, including its ballistic missile program and its support for terrorism.” But he said Iran must change its ways.
“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,” he said.
A senior administration official said Monday that the snap back of these sanctions “supports the president’s decision to impose significant financial pressure” on Iran and cut off its ability to fund terrorism and “export revolution” throughout the region.
“This administration intends to fully enforce our sanctions … to stop its destabilizing activity,” the official said.