Once-eased U.S. economic sanctions against Iran back in effect

Once-eased U.S. economic sanctions against Iran back in effect

Once-eased U.S. economic sanctions against Iran back in effectIran is accusing the U.S. of reneging on the nuclear agreement, signed by the Obama administration, and of causing recent Iranian economic unrest. European allies say they “deeply regret” the U.S. action.

The first set of U.S. sanctions against Iran that had been eased under the landmark nuclear accord have gone back into effect.

An executive order by President Donald Trump reimposed the sanctions on 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.

The stiff economic sanctions ratchet up pressure on the Islamic Republic despite statements of deep dismay from European allies.

Mr. Trump pulled the U.S. out of the deal limiting Iran’s nuclear activities.

Iran is accusing the U.S. of reneging on the nuclear agreement, signed by the Obama administration, and of causing recent Iranian economic unrest. European allies say they “deeply regret” the U.S. action.

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