New Iran sanctions: U.S. goals, E.U. countermeasures, and Tehran’s reactions
On November 5, the Trump administration re-imposed the full scope of U.S. sanctions on Iran, nearly six months after it unilaterally withdrew from the 2015 nuclear accord, also known as the Joint Comprehensive Plan of Action (JCPOA). The stringent sanctions target Iran’s energy, shipping and banking sectors and make it difficult, if not impossible, for foreign companies to continue to do business with the Islamic Republic. The Treasury Department reinstated all sanctions removed under the JCPOA, and blacklisted 300 new entities and individuals, in what the Treasury called it the “largest ever single-day action targeting the Iranian regime.”
