The US has reinstated sanctions against Iran, targeting Iran’s energy, financial and shipping sectors (AP). This move comes directly after the 180-day wind-down period following the US’s withdrawal from the Joint Comprehensive Plan of Action (JCPOA) (Time). US Secretary of State Mike Pompeo claimed the US granted specific oil import waivers to eight countries (NPR). China, Greece, India, Italy, Turkey, South Korea, Taiwan and Japan all received waivers on the promise the countries shrink their oil imports to zero (AP).
Pompeo stated in a press briefing that Iran must “act like a normal country, or it can see its economy crumble” (NPR). However, the European countries that still seek to hold to the JCPOA – France, Germany, and the UK – objected to the sanctions (BBC). Such governments have promised to support European firms that still wish to do business with Iran (BBC). Iran’s President Hassan Rouhani vowed to “break” the sanctions, which he claims illegally target ordinary people (WP).
Tags: Iran, Sanctions, Oil, Europe, global peace and security, Callahan, JCPOA