Web Desk (August 06, 2018): President Donald Trump says he will fully enforce the sanctions being reimposed on Iran as a result of the US withdrawal from a 2015 nuclear deal.
Measures targeting Iran’s automotive sector as well as its trade in gold and other key metals will take effect from on Tuesday.
Individuals or entities who breach the sanctions risk “severe consequences”.The UK, France and Germany – which were also parties to the 2015 accord along with Russia and China – have expressed “deep regret” at the US move.
They have pledged to abide by their commitments under the deal. Iran has said it will also do so if it continues to receive the economic benefits.The accord saw Iran limit its controversial nuclear activities in exchange for sanctions relief.
Former US President Barack Obama insisted that it would prevent Iran from developing a nuclear weapon and that the world would be safer as a result.
But Mr Trump said it was a “horrible, one-sided deal”.