US to impose 'far tougher' sanctions on Iran Monday
Source: ABC News
The Trump administration is set to reimpose sanctions on Iran on Monday that it said are "far tougher than have ever been imposed on the Islamic Republic of Iran," according to Secretary of State Mike Pompeo.
These are the remaining sanctions lifted under the nuclear deal, reached under former President Obama, that targeted Iran's oil sector, financial transactions and banks, and shipping and ship-building industries -- seeking to cut off the regime's revenue sources and change its behavior, according to Pompeo and Treasury Secretary Steven Mnuchin, who previewed the actions to reporters Friday.
President Trump teased the sanctions, which go into effect after midnight in the early hours of Monday, November 5. Seeming to make light of the situation, he tweeted out a "Game of Thrones"-inspired graphic of himself with a play on the show's tagline, "Winter is coming."
Link to tweet
Monday's sanctions not only will bring back those in place under the Obama administration, but will include 300 more new targets, per Mnuchin, and far fewer exemptions for countries importing Iranian oil, per Pompeo.
Read more: https://abcnews.go.com/Politics/us-impose-tougher-sanctions-iran-monday/story?id=58925107&cid=social_twitter_abcn
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