WASHINGTON — President Donald Trump on Friday announced the reinstatement of U.S. sanctions against Iran that had been lifted under a 2015 nuclear deal.
The sanctions, which will be fully reinstated, are scheduled to take effect on Monday and will cover Iran’s financial, shipping and energy sectors. The effort is just the latest of multiple penalties imposed upon the rogue nation since President Trump withdrew from the contentious deal in May.
The first, on August 7, targeted Iran’s ability to purchase or acquire US dollar banknotes, trade in gold and precious metals, and make transactions relating to the Iranian rial, the nation’s currency.
In a statement released by the White House Friday afternoon, Secretary of State Mike Pompeo said the sanctions are “aimed at fundamentally altering the behavior of the Islamic Republic of Iran.”
“Maximum pressure means maximum pressure,” Pompeo said.
The Trump administration has released a list of 12 demands that Iran must agree to if it wants the sanctions removed, including ending support for terrorism, ending military engagement in Syria and agreeing to a complete halt of its nuclear and ballistic missile development.
The sanctions will also penalize countries that continue to import Iranian oil and foreign companies that do business with blacklisted Iranian interests, including Iran’s central bank and state-run port and shipping sectors.
In a conference call with reporters on Friday, Pompeo and Treasury Secretary Steven Mnuchin said further details would be made available once the sanctions are put into place on Monday.