Sanctions against Iran to go back into effect

Gladys Abbott
November 5, 2018

The US will unleash its "toughest ever" sanctions against Iran on Monday following a wave of protests across the oil-rich country.

The Donald Trump administration's decision to issue waivers also marked a significant reduction from the Barack Obama administration, which issued such exemptions in 2012 to 20 countries over 3 years during last sanctions.

Monday's sanctions are the second batch the Trump administration has reimposed on the Islamic Republic since it withdrew from the nuclear agreement earlier this year.

South Korea, a United States ally and one of Asia's biggest buyers of Iranian oil, asked Washington for "maximum flexibility" last week, after some of its construction firms cancelled energy-related contracts in the Islamic Republic due to financing difficulties.

"We are in the war situation", he said.

The sanctions bring to an end all the economic benefits the USA granted Tehran for its 2015 nuclear deal with world powers, though Iran for now continues to abide by the accord under which it limited its enrichment of uranium.

She added that the global community objects to unilateral sanctions such as those brought by the U.S.

Asked if the United States had firm commitments from India and China to stop all oil purchases from Iran within six months, Pompeo replied: "Watch what we do".

"All eyes will be on the outcome of negotiations on possible waivers to US sanctions on Iran".

"SWIFT (will) be subject to USA sanctions if it provides financial messaging services to certain designated Iranian financial institutions".

"We already live in the condition of sanctions".

More news: Iran's president vows to break US sanctions and fight 'economic war'

But on the fringes of the crowd, chants of "Death to America" were lackluster, and the protesters appeared simply to be going through the motions. Stuxnet is widely believed to be an American and Israeli creation, though neither country has acknowledged being behind the attack. "We have to stand to win." the president said.

While the U.S. had previously wanted countries including India to completely halt oil purchases from Iran by November 4, it seems to have relented considering the havoc the move to completely take out Iranian supplies from the market would have had on prices.

It also said the lifting of sanctions allowed Iran to finance militant groups and its own military activity.

Israeli Prime Minister Benjamin Netanyahu also expressed gratitude to POTUS, while Noam Katz, who serves as deputy director general and head of Public Diplomacy in Israel's Ministry of Foreign Affairs, called on other nations to support the sanctions.

He claimed the sanctions would backfire and work against the United States and that "many countries from Europe to Russian Federation and China have opposed the sanctions".

Israel's defense minister is welcoming newly restored US sanctions against Iran, saying they will deal a "critical blow" to Iran's military presence around the Middle East.

"These sanctions have already had an enormous impact", Pompeo said, adding that Trump's policy will be "fully in place" as of Monday.

Before travelling to a campaign rally for the United States midterm elections, President Trump said Iran was already struggling under his administration's policies.

"We will proudly break the sanctions", he said at a meeting of economic officials. "America has been defeated by the Islamic Republic over the past 40 years", he said. Iran has dismissed these charges and maintains that its nuclear programme is for peaceful purposes.

However, some Iranians have taken to Twitter to vent their frustration with the regime, with the hashtag #Sorry_US_Embassy_Siege attracting more than 19,000 tweets.

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