President Donald Trump signed an executive order on Monday reimposing a number of US economic sanctions on Iran that had been lifted as a result of the July 2015 nuclear agreement the Tehran regime reached with six world powers.
Calling the deal — also known as the JCPOA — “horrible” and “one-sided,” Trump said in a statement that it “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.”
“Since the deal was reached, Iran’s aggression has only increased,” he added. “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 being reinstituted are related to Iran’s automotive sector, its trade in gold and precious metals, and its currency, the rial — the value of which has plunged in the months since Trump announced the US withdrawal from the JCPOA.