U.S. sanctions on Iran take effect

U.S. sanctions on Iran take effect

U.S. sanctions on Iran take effect

By / Politics / Monday, 05 November 2018 16:03

The Trump administration’s tough new sanctions on Iran took effect on Monday but eight major importers of Iranian oil were spared from immediate penalties.

The sanctions target Iran’s energy, financial and shipping sectors and are aimed at crippling the country’s economy following President Donald Trump’s withdrawal from the 2015 nuclear deal. The measures restore all the U.S. sanctions that had been lifted under the accord that gave Iran billions of dollars in sanctions relief in exchange for curbs on its nuclear program.

 

Read more at PBS News.

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NexPro Media Staff

NexPro Media Staff

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