U.S. imposes Iran sanctions

It has been released this week that the U.S. will re-impose sanctions on Iran after the removal of the 2015 nuclear deal. The sanctions will attempt to target their energy, banking, and shipping economies.

President Trump withdrew from the Nuclear deal back in May of this year and has been increasingly re-imposing sanctions since. Analysts say this move by the U.S. will target core parts of the Iranian economy.

Over 700 Iranian individuals, companies, and more will be affected by these sanctions and will also extend to countries who do business with Iran. The eight countries who will be exempt from being affected are U.S. allies such as Japan, South Korea, and Italy.

The EU has come out against this decision by the U.S saying that they are “determined to protect European economic operators engaged in legitimate business with Iran.”