US President Donald Trump has signed an executive order to restore nuclear-related sanctions on Iran, increasing economic pressure on Tehran and renewing his criticism of what he called a “horrible, one-sided” nuclear deal, the White House announced Monday
The sanctions will go into effect at midnight, restoring economic penalties that were lifted under the 2015 nuclear accord.
They target the use of dollars in Iran, the automotive sector and trade in gold and precious metals.
A second round of more comprehensive sanctions will go into effect on November 5.
“As we continue applying maximum economic pressure on the Iranian regime, i remain open to reaching a more comprehensive deal that addresses the full range of the regime’s malign activities, including its ballistic missile program and its support for terrorism,” Trump said.
“The JCPOA, a horrible, one-sided deal, failed to achieve the fundamental objective of blocking all paths to an Iranian nuclear bomb, and it threw a lifeline of cash to a murderous dictatorship that has continued to spread bloodshed, violence, and chaos,” he added.
“Since the deal was reached, Iran’s aggression has only increased. The regime has used the windfall of newly accessible funds it received under the JCPOA to build nuclear-capable missiles, fund terrorism, and fuel conflict across the Middle East and beyond.”
The sanctions are a consequence of US President Trump’s decision in May to withdraw from an international deal that sought to limit Iran’s nuclear program in exchange for easing pressure on the country’s shaky economy.
The US president said the Iranian government “faces a choice: Either change its threatening, destabilizing behavior and reintegrate with the global economy, or continue down a path of economic isolation.”