Nuclear

Trump Administration reimposes sanctions on Iran

  • Posted on: 6 November 2018

US sanctions on Iran officially resumed on Monday, November 5, 2018, three years after being lifted by the Obama administration as part of the 2015 Iran nuclear deal. The sanctions came back into full effect Monday morning, bringing crippling economic burdens on Iran’s oil, banking, shipping, and other sectors. U.S. sanctions which are aimed at more than 700 Iranian entities and individuals are expected to have dire consequences on the country’s economy.