White House confirms new sanctions to go into effect on Monday; Netanyahu: The effect of the initial sanctions is already being felt- the rial has plummeted, Iran’s economy is depressed and the results are evident; Ayatollah: US economic and military power is declining…
The Trump Administration will place its second round of sanctions on Iran tomorrow.
The second wave of sanctions will go into effect on Monday and will target Iran’s exports and oil industries and financial sector.
Prime Minister Netanyahu reiterated Israel’s support for the Trump Administration and its efforts to curb Iran’s influence in the region. He stated over the weekend “For years, I’ve been calling for sanctions to be fully reimposed against Iran’s murderous terrorist regime, which threatens the entire world. The effect of the initial sanctions is already being felt-the rial has plummeted, Iran’s economy is depressed and the results are evident. Thank you, President Trump, for this historic move. The sanctions are truly coming.”
On May 8, the Trump Administration withdrew from the Joint Comprehensive Plan of Action (JCPOA) with world powers. It placed its first round of stringent sanctions on the Islamic Republic in August. The sanctions include restrictions on purchasing US dollars, trade on gold and precious metals and the sale and trade of graphite and metals.
Iran’s Supreme leader Ayatollah Ali Khamenei condemned the sanctions, claiming President Trump “has disgraced the remnant of America’s prestige and that of liberal democracy. America’s hard power, that is to say, their economic and military power, is declining, too.” He claimed in the “40 year challenge” between Iran and the United States that “the defeated is the US and the victorious is the Islamic Republic.”
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