US Set to Reimpose ‘Toughest Sanctions Ever’ on Iran

US Secretary of State Mike Pompeo talks with South Korean Foreign Minister Kang Kyung-wha during their meeting at Foreign Ministry in Seoul

US Secretary of State Mike Pompeo talks with South Korean Foreign Minister Kang Kyung-wha during their meeting at Foreign Ministry in Seoul

At this time, there has been no response from the White House on this matter. He has issued a list of 12 demands that Iran must meet to get the sanctions lifted that include an end to its support for terrorism and military engagement in Syria and a halt to nuclear and ballistic missile development.

Eight countries, though, are receiving waivers that will allow them to keep buying oil from Iran without coming under USA sanctions: Pompeo did not identify the countries, but Bloomberg reported that four are Japan, India, China and South Korea.

Turkish Energy Minister Fatih Donmez said Turkey had been told it would be granted a waiver.

Mnuchin said today that SWIFT "would be subject to USA sanctions if it provides financial messaging services to certain designated Iranian financial institutions" and that the U.S.

The restoration of the sanctions is part of Trump's effort to counter Iran's malign influence in the Middle East and around the world.

Treasury Secretary Steve Mnuchin said the US has "gone after the financial networks that the Iranian regime uses to fuel its terrorist proxies in Hezbollah and Hamas, to fund the Houthis in Yemen, and to support the brutal Assad regime in Syria".

"This part of the campaign is aimed at depriving the regime of the revenues it uses to spread death and destruction around the world, Pompeo said".




"Our ultimate aim is to compel Iran to permanently abandon its well-documented outlaw activities and behave as a normal country", Pompeo told reporters in a conference call with Treasury Secretary Steven Mnuchin.

Mnuchin defended the decision to allow some Iranian banks to remain connected to SWIFT, saying that the Belgium-based firm had been warned that it will face penalties if sanctioned institutions are permitted to use it. The measures do not affect food and medicine.

Israel, which considers Iran an existential threat and opposed the deal from the beginning, welcomed Friday's announcement.

Brian Hook, the US special representative for Iran, also said Saudi Arabia had been "very helpful" in bolstering oil supplies while the United States moved to reimpose sanctions.

Some of the sanctions against the regime were reimposed in August, targeting Iran's automotive sector, currency, and trade in gold and precious metals.

The United States believes global oil supplies will exceed demand next year, making it easier for countries to cut Iranian oil imports to zero, a senior USA official told reporters.

"America will not be able to carry out any measure against our great and fearless nation ..."

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