The United States has announced the reimposition of nuclear-related sanctions on Iran, reversing measures lifted under the Joint Comprehensive Plan of Action (JCPOA) established on July 14, 2015. The White House confirmed these sanctions will target Iran's automotive sector, its trade in gold and precious metals, and activities related to the Iranian rial starting August 7, 2018. Additional sanctions affecting Iran's energy sector and foreign financial transactions with the Central Bank of Iran will be reinstated on November 5, 2018.
President Donald Trump stated that "the United States is fully committed to enforcing all of our sanctions" and emphasized working with international partners to ensure compliance. He noted that several international firms have decided to exit the Iranian market and some countries are planning to reduce or stop importing Iranian crude oil.
The President also signed an Executive Order titled “Reimposing Certain Sanctions with Respect to Iran,” which aligns with a National Security Presidential Memorandum issued on May 8, 2018. This action follows the U.S. withdrawal from the JCPOA, described by Trump as "a horrible, one-sided deal."
Trump criticized the JCPOA for failing "to achieve the fundamental objective of blocking all paths to an Iranian nuclear bomb," arguing it provided financial resources to a regime that continues aggressive actions. He claimed that since receiving funds from the JCPOA, Iran has escalated its aggression by developing nuclear-capable missiles and supporting terrorism.
By exiting the agreement, Trump believes the U.S. can better protect national security through economic pressure on Tehran. His administration has issued multiple rounds of sanctions targeting various entities connected to Iran since announcing withdrawal from the JCPOA in May.
Despite applying pressure through sanctions, Trump remains open to negotiating a more comprehensive agreement addressing issues like Iran’s ballistic missile program and support for terrorism. He expressed willingness for collaboration with nations sharing similar goals.
The President reiterated support for "the long-suffering Iranian people," viewing them as victims of their government’s policies while expressing hope for regional prosperity in peace.