POST TIME: 3 November, 2018 00:00 00 AM
Trump admin to reinstate all Iran sanctions

Trump admin
to reinstate all
Iran sanctions

The Trump administration is to reinstate all US sanctions on Iran removed under the 2015 nuclear deal. The White House said it was "the toughest sanctions regime ever imposed on Iran" and targeted Iran's energy, shipping and banking sectors. The US sanctions will come back into force on Monday 5 November, covering shipping, shipbuilding, finance and energy. The names of more than 700 individuals, entities, vessels and aircraft will be put on the sanctions list, including major banks, oil exporters and shipping companies. They are the second lot of sanctions re-imposed by Mr Trump since May. US Secretary of State Mike Pompeo said the sanctions were "aimed at fundamentally altering the behaviour" of Iran.

He set out 12 demands that Iran must meet in order to have the sanctions lifted. These include ending support for terrorism and military intervention in Syria, as well as completely halting nuclear and ballistic missile development. However, eight countries will not be penalised by the US for continuing to import Iranian oil. The sanctions penalise other countries which do business with Iran.

US allies such as Italy, India, Japan and South Korea are among the eight, the Associated Press reports. Turkey also obtained a waiver, Reuters news agency reports. EU states which backed the deal have said they will protect EU firms doing "legitimate" business with Iran.