White House Says ‘All’ Iran Sanctions Will Be Reimposed, With Exceptions
WASHINGTON (JTA) — The Trump White House on Friday announced that “all the sanctions” relieved under the 2015 Iran deal would be reimposed, but top Trump officials were simultaneously listing caveats.
“On November 5, 2018, all United States sanctions that were lifted under the disastrous Iran nuclear deal will be fully reimposed,” the White House statement said. “Together with the unprecedented sanctions actions taken by the Trump Administration, this will be the toughest sanctions regime ever imposed on Iran.”
It added, “sanctions will target critical sectors of Iran’s economy, such as its energy, shipping, shipbuilding, and financial sectors.”
But officials would not yet outline which entities would face sanctions. It was clear already there would be exemptions, making it difficult to assess whether the new sanctions would outdo the multinational sanctions coordinated in 2010 by the Obama administration, considered the toughest ever on Iran.
Bloomberg News earlier Friday reported that at least eight countries — including major Iranian oil consumers India, South Korea and Japan — would get cutouts allowing them to continue purchasing Iranian oil.
Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin, in a conference call with reporters, acknowledged there would be eight cut-outs, but said these would be temporary, and that six of the countries would be expected to “greatly reduce” oil purchases and two will eventually have to cut off Iran completely. They would not name the countries.
Pompeo and Mnuchin also declined to say whether Iran’s Central Bank would be on the list. Cutting off the Central Bank from dollar markets, as was done under the Obama sanctions, was critical in starving Iran’s economy from cash.
This story "White House Says ‘All’ Iran Sanctions Will Be Reimposed" was written by JTA.