Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Subscribe Log In Today's Paper Advertisement Supported by ByGardiner Harris Aug. 6, 2018 WASHINGTON — The Trump administration said it would restore sanctions on Iran that had been lifted under the 2015 nuclear accord at midnight on Monday, ratcheting up pressure on Tehran while worsening a divide with Europe. The new sanctions are a consequence of President Trump’s decision in May to withdraw from the nuclear deal with world powers. Secretary of State Mike Pompeo said on Sunday that the goal was to get Iran to change its ways — namely, ending its support of brutal governments or uprisings in the Middle East. European officials have said that the Iran nuclear agreement is crucial to their national security. International inspectors have concluded that Iran is complying with the accord. The new sanctions bar any transactions with Iran … [Read more...] about U.S. to Restore Sanctions on Iran Following Withdrawal From Nuclear Deal
Sanctions on iran lifted
Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings. SUBSCRIBE The U.S. is expected to reintroduce sanctions on Iran Monday, a consequence of President Donald Trump's decision to withdraw from a landmark 2015 nuclear deal. What will the measures involve, how do they affect America and Tehran, and what could be coming next? What do Monday’s sanctions cover? The moves targeting oil-rich Iran's automotive sector as well as gold and other metals are set to be reimposed at midnight ET Monday. This first set of punitive measures had been eased under former President Barack Obama. Why is the U.S. doing this? The White House is open to looking beyond sanctions on Iran, but there is a need for "enormous change" from the government of President Hassan Rouhani, Secretary of State Mike Pompeo told reporters aboard his plane on his way home from a trip to Southeast Asia Sunday. The U.S. and regional allies Saudi Arabia and Israel … [Read more...] about Donald Trump will reimpose sanctions on Iran. What happens next?
Sections SEARCH Skip to content Skip to site index Europe Subscribe Log In Subscribe Log In Advertisement Supported by BySteven Erlanger and Milan Schreuer June 6, 2018 BRUSSELS — In a letter to senior Trump administration officials, European foreign and finance leaders this week tacitly acknowledged that their efforts to preserve the West’s nuclear deal with Iran were failing. In the letter, sent on Monday to the Treasury secretary, Steven Mnuchin, and Secretary of State Mike Pompeo, the European leaders cited “security interests” in requesting that companies in Europe be granted an exemption from United States sanctions that would be imposed as a result of President Trump’s decision to withdraw from the pact. “In their current state, U.S. secondary sanctions could prevent the European Union from continuing meaningful sanctions relief to Iran,” said the letter, signed by the finance and … [Read more...] about Europe Asks U.S. for an Exemption From Sanctions on Iran
INDIANAPOLIS — As the federal government takes steps to re-impose economic sanctions on Iran for allegedly cheating on the 2015 deal that temporarily halted its development of a nuclear weapon, officials in the Hoosier State won't be required to do the same.That's because Indiana never lifted its Iran sanctions.In 2012, when Iran stepped up its nuclear-enrichment activities, Indiana lawmakers overwhelmingly approved Senate Enrolled Act 231 prohibiting businesses that provide substantial goods or services to Iran's energy sector from obtaining any state or local government contract.The law signed by Republican former Gov. Mitch Daniels also barred Indiana governmental entities from doing business with financial institutions that provide significant loans to Iran energy operators or invest directly in Iranian oil or liquefied natural gas tankers or pipelines.State Rep. Mara Candelaria Reardon, D-Munster, and former state Sen. Earline Rogers, D-Gary, were among the sponsors of the … [Read more...] about Indiana never dropped state-level sanctions on Iran despite nuclear deal
European and American companies could lose billions of dollars in commercial deals canceled and a major new export market undercut by the U.S. decision to re-impose sanctions on Iran.President Donald Trump's decision will likely most hurt aircraft makers, oil companies and auto manufacturers. The final impact, however, remains unclear because of possible exemptions for some companies and even new negotiations on a revised Iran nuclear agreement, experts say.Since the Iran nuclear deal was struck in 2015, it has been mostly European companies that moved back in to sign deals with Iran. Europe traditionally has had closer business and diplomatic ties than the U.S., where the legacy lingers from the seizure of hostages at the American embassy in Tehran nearly 40 years ago.The leaders of Britain, France and Germany tried but failed to persuade Trump to stick with the deal. The reaction from some in Europe was bitter. Carl Bildt, the former prime minister of Sweden who is now co-chair of … [Read more...] about Sanctions on Iran could cost US, European companies billions