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Trump reimposes sanctions on Iran; says open to new nuclear deal

Press Trust of India  |  Washington 

US today reimposed sanctions on Iran, which were lifted as part of the 2015 Iranian nuclear deal, but said he remains open to forging a new nuclear deal with

In May, Trump had announced to withdraw from the Iranian nuclear deal. The reimposition of sanctions on Iran, will have major impact on countries like India, with which it has traditional and historic trade relationship.

"Today, the US is taking action to reimpose nuclear-related sanctions with respect to that were lifted in connection with the Joint Comprehensive Plan of Action of July 14, 2015 (the JCPOA)," Trump said.

He said all remaining US nuclear-related sanctions will resume effective November 5, 2018. These include sanctions targeting Iran's energy sector, including petroleum-related transactions, as well as transactions by foreign financial institutions with

Trump, however, said he remains open to reaching a more comprehensive deal that addresses the full range of the Iranian regime's malign activities, including its ballistic missile programme and its support for terrorism.

"The US welcomes the partnership of likeminded nations in these efforts," he added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 06 2018. 20:55 IST