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U.S. Reimposes Sanctions On Iran But Undercuts The Pain With Waivers

Summary:

The Trump administration has announced that it is re-imposing all US sanctions on Iran that had been lifted under the 2015 nuclear deal. The sanctions that will take effect on Monday penalizes countries that import Iranian oil and foreign companies that do business with Iran. Eight countries have been exempted from the reimposed rules on Iranian oil purchases in an effort to keep oil prices stable. Sec of State Mike Pompeo, did not specify which countries would be exempt.

Questions:

  • Did Iran break the terms of the 2015 nuclear deal?
  • Has the US broken the terms of the 2016 nuclear deal?
  • Were these states exempted to prevent oil prices from rising before the election?

Article:

WASHINGTON — The Trump administration announced on Friday it is exempting eight countries from bruising sanctions that the United States is reimposing against Iran, undercutting its economic punishment for what officials called Tehran’s destabilizing activity in the Middle East.

The announcement came on the eve of a long-announced Nov. 5 deadline for nations to cease importing Iranian goods or face the financial penalties. It highlighted the Trump administration’s hard-nosed foreign policy that is popular with Republicans, days before crucial midterm elections.

Mike Pompeo, the secretary of state, did not identify the eight countries that were being granted six-month waivers but said they include two that are expected to end their imports of Iranian oil “within weeks.” The nations will have to reapply for extended exemptions at the end of six months.

He also said the list of waivers is far smaller than the 20 nations that were exempted from American sanctions under President Barack Obama, and that the Trump administration had demanded much greater concessions in exchange.

The sanctions are “aimed at depriving the regime of the revenues it uses to spread death and destruction around the world,” Mr. Pompeo said. He added that he hoped to force changes that give “the Iranian people the opportunity to have the government not only they want but that they deserve.”

Read More: https://www.nytimes.com/2018/11/02/world/middleeast/us-iran-sanctions-oil-waivers.html

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