AP - Once-eased US economic sanctions against Iran back in effect
The AP reports: "The first set of U.S. sanctions against Iran that had been eased under
the landmark nuclear accord went back into effect early Tuesday under an
executive order signed by President Donald Trump, targeting financial
transactions that involve U.S. dollars, Iran’s automotive sector, the
purchase of commercial planes and metals including gold.
U.S sanctions targeting Iran’s oil sector and central bank are to be
reimposed in early November."
Comment: I wish Trump did a better job of explaining exactly why he is doing this. A very good argument can be made that Iran remains a rogue actor and a danger to the Middle East but so far this very good argument has not been well articulated by Trump or his team. I would like to think that Iran will now decide to seek a better deal with Trump. Somehow though, I don't think that will happen. From everything I've read, the "moderates" are not in power in Iran and this kind of move only boosts the hard-liners who will allow no compromise with the Great Satan.
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