- The United States will once again enforce all the sanctions against Iran that were in place before 2015, particularly in the oil and banking sectors.
- At that time, the measures were suspended due to the nuclear agreement negotiated with the then US President.
- The US government now wants to maximize Tehran to prevent its impact on terrorist activities.
- The US government's principle is: Who has business with Iran, can not do business with the United States. Sanctions are not affected by eight countries, they said on Friday.
The US government will resume sanctions against Iran next Monday. In 2015, measures were suspended by the nuclear agreement, which was negotiated with the then US President. The Washington administration said on Friday that Tehran would no longer have oil revenues to invest in terrorist and hostile activities, said US Secretary of State Mike Pompeo. "Maximum pressure means maximum pressure," emphasized Pompeo.
The US Foreign Secretary stressed that the goal was to meet Tehran's government, not the Iranian people. Therefore, humanitarian aid is not affected by sanctions. President Hassan Ruhani's cabinet is already confused.
The first step has been taken with regard to measures against certain sectors. Washington now has the hardest hit: The oil sector and the banking sector – the two ropes of the Iranian economy – are virtually dry. The target is to reduce Iran's oil production to zero.
However, government officials in Washington acknowledged that it was unlikely that it would run out of oil on November 4th. US Foreign Minister Mike Pompeo said Saudi Arabia pledged to offset at least the losses caused by increased production.
Steven Mnuchin, US Treasury Secretary, stressed that SWIFT's global payment system should be partly exempted from sanctions. At the same time, banks should be very cautious not to cover the sanctions for payment transactions secretly.
Most companies are under pressure from the US
Sanctions have an immediate impact on other states outside Iran, because Americans also use sanctions. The principle is that anyone who does business with Iran following sanctions can not work with the United States. As the US market is obviously more important than Iran for most large companies, many people are heading towards the dictates of politics.
For example, sanctions have an impact on European countries as well. That is why there is a dilemma of Germany, France and the United Kingdom. On the one hand, I would like to maintain the agreement that has been abandoned in all circumstances in the US because they believe it works. The Independent International Atomic Energy Agency (IAEA) also regularly declares that Iran adheres to the rules.
On the other hand, Europeans recognize that commitment to nuclear business does not automatically preclude Iran playing a dangerous game. For example, Israel criticizes Tehran for fueling the Middle East conflict by financing radical Islamic Hamas.
In several steps, the US imposed sanctions on Iran, starting in 1979, when Iranian students took over the US Embassy in Tehran and hijacked many American citizens. Sanctions related to the Iranian nuclear program were suspended in 2015 as a result of the agreement.
In the case of Iran, this means not only economic but also political difficulties – people are dissatisfied and impoverished. Countries such as India, as China's second-largest Iranian oil purchaser, are heavily dependent on acquisitions.