President Trump signed an executive order, restoring sanctions against Iran as he criticized the tremendously bad deal Obama signed with that was so bad, he didn’t dare submit it to the Senate for ratification.
On top of that Obama gave them pallets full of money to sponsor terrorism with. The sanctions go back into effect at Midnight tonight.
Trump said:
“The JCPOA, a horrible, one-sided deal, failed to achieve the fundamental objective of blocking all paths to an Iranian nuclear bomb, and it threw a lifeline of cash to a murderous dictatorship that has continued to spread bloodshed, violence, and chaos.”
Immediately, the sanctions will affect its gold, precious metals and automobile industries and renewed sanctions on oil take effect on November 5th. The president said any new deal would need to address both state-sponsored terrorism and relief for the people of Iran.
Trump said:
“The United States continues to stand with the long-suffering Iranian people, who are the rightful heirs to Iran’s rich heritage and the real victims of the regime’s policies. We look forward to the day when the people of Iran, and all people across the region, can prosper together in safety and peace.”
“The president has been very clear: none of this needs to happen,” a senior administration official told reporters on a background briefing call. “He will meet with Iranian leadership at any time to discuss a real, comprehensive deal that will contain their regional ambitions, will end their malign behavior and deny them any paths to a nuclear weapon.”
Seeking to fulfill a campaign promise to tear up what he’s called the “worst deal ever negotiated,” Trump announced in May he was withdrawing the United States from the 2015 nuclear deal.
Other countries will not be thrilled with the sanctions, but the US is the world’s biggest consumer, so it’s hard to see them defy the president unless they are willing to pay the price.