Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.
Fast Forward

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.

Alyssa Fisher is a news writer at the Forward. Email her at [email protected]

Engage

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.