As expected
A US senior administration official is saying that the US is to reimpose sanctions on Iran. Ultimately the aim is to seek a new nuclear agreement. This news was expected.
The official adds:
- snap back sanctions to target purchase of US bank notes, gold and precious metals trade, steel, coal, auto industry
- sanctions will continue to bring significant financial pressure on Iran's economy
- US policy is not to force Iran regime change but seek to modify the Iranian government's behavior
- Trump is ready to meet with Iranian leadership any time
- 1st batch of sanctions will go into force at 12:01 AM Tuesday
- US is not looking to grant exemptions or waivers, but will examine requests on a case-by-case basis
- more than 100 international firms leave the Iranian market
