November 02, 2018

Trump administration to reimpose sanctions on Iran

Featuring Peter Harrell

Source: The Guardian

Journalist Julian Borger

Senior US officials have warned that Washington will next week reimpose all sanctions on Iran that were lifted by the Obama administration after the 2015 nuclear agreement.

Donald Trump, since breaking that deal in May, has vowed to cut off Iranian oil revenue completely, and oil exporters and tankers will be among 700 companies, individuals, vessels and aircraft that will be added to a US sanctions blacklist on Monday.

The US secretary of state, Mike Pompeo, said that eight “jurisdictions” would be granted temporary waivers after Monday’s sanctions deadline, but only on the understanding that they would stop or drastically reduce oil imports in the coming weeks.

Pompeo did not name the countries to be exempted, except to say that the European Union was not among them. He did not say whether individual European countries such as Greece, Italy and Spain might be granted waivers.

Read the full article and more in The Guardian.

  • Peter Harrell

    Adjunct Senior Fellow, Energy, Economics and Security Program

    Peter Harrell is an adjunct senior fellow at the Center for a New American Security, where he focuses on the intersection of economics and national security. Research interest...