Eli Ridder | CANADA
(71 Republic) – Following the return of pre-Iran nuclear deal sanctions from the United States, President Donald Trump gave a strong warning to allies over trading with Tehran early on Tuesday.
“Anyone doing business with Iran will NOT be doing business with the United States,” the president tweeted at 5:31 a.m. ET, saying he was asking for “world peace”.
The Iran sanctions have officially been cast. These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level. Anyone doing business with Iran will NOT be doing business with the United States. I am asking for WORLD PEACE, nothing less!
— Donald J. Trump (@realDonaldTrump) August 7, 2018
This could result in an awkward position for European allies of the United States, some of which are still part of the multi-national Iran nuclear deal signed in 2015 under the administration of Barack Obama, an agreement Mr. Trump pulled out of earlier this year.
The U.S. reimposed sanctions on Iran as of midnight Monday, following a 90-day grace period for those doing business in the Middle Eastern power.
The pre-deal sanctions will return on Tuesday, following a 90-day “wind down” period for business activities, with further sanctions coming after the administration’s secondary, 180-day period, a White House statement said.
The first wave of tariffs will be on Iranian mineral trade, economic transactions, and on the Iranian auto sector.
The second wave will target port operators and energy, shipping, gas industry and transactions between foreign banks and Iran’s Central Bank.
Washington will also “relist hundreds of individuals entities, vessels, and aircraft that were previously included on sanctions lists.”
“As we continue applying maximum economic pressure on the Iranian regime, I remain open to reaching a more comprehensive deal that addresses the full range of the regime’s malign activities,” Mr. Trump said in a statement Monday.
Trump pulled the U.S. from the Joint Comprehensive Plan of Action, or JCPOA, on May 8 of this year, a deal long criticized by the president.
The United States, United Kingdom, France, China, Russia and Germany, who make up the United Nations Security Council plus Germany, signed the July 2015 nuclear deal with Iran.
Trump’s predecessor Mr. Obama has strongly criticized the Republican Party President for leaving the landmark agreement.
Iran and the other five powers remain within the agreement, which many analysts say appears to be working in regards to curbing Iranian nuclear ambitions.
Economic protests have sprung up across Iran, according to various reports and social media footage.