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Wed, 08 Aug 2018 12:46 - Updated Wed, 08 Aug 2018 12:47

Trump: Sanctions reinstated against Iran for "world peace"

WASHINGTON - The first set of U.S. sanctions against Iran that had been eased under the landmark nuclear accord went back into effect early Tuesday under an executive order signed by President Donald Trump, targeting financial transactions that involve U.S. dollars, Iran?s automotive sector, the purchase of commercial planes and metals including gold.

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Donald Trump, USA President

Photo: WIN MCNAMEE

“I am asking for WORLD PEACE, nothing less!”

The stiff economic sanctions ratchet up pressure on the Islamic Republic despite statements of deep dismay from European allies, three months after Trump pulled the U.S. out of the international accord limiting Iran’s nuclear activities.

Trump declared the landmark 2015 agreement had been “horrible,” leaving the Iranian government flush with cash to fuel conflict in the Middle East.

Iran accused the U.S. of reneging on the nuclear agreement, signed by the Obama administration, and of causing recent Iranian economic unrest. European allies said they “deeply regret” the U.S. action. PBS

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