Donald Trump Signs Executive Order Restoring Sanctions on Iran

Iranian authorities have barely mentioned days of protests in the cities of Isfahan Shiraz Mashhad and Tehran driven by concerns over the economy as well as wider anger at the political system

Iranian authorities have barely mentioned days of protests in the cities of Isfahan Shiraz Mashhad and Tehran driven by concerns over the economy as well as wider anger at the political system

Tuesday's round of sanctions affects, among other things, the Iranian purchase or acquisition of U.S. dollar banknotes and of gold and precious metals, and will also weigh on significant transactions in the Iranian rial and have an impact on the country's sovereign debt and its automotive industry.

Iranian protesters have attacked a religious school in Karaj province near Tehran, a conservative Iranian news agency has said, as sporadic protests simmered ahead of the reimposition of U.S. sanctions.

The lifting of nuclear-related sanctions is an essential part of the deal - it aims at having a positive impact not only on trade and economic relations with Iran, but most importantly on the lives of the Iranian people.

Trump has rejected pleas from USA allies not to unilaterally drop out of the deal. "They are imposing sanctions on Iranian children, patients and the nation", he said.

The protests have often begun with slogans against the high cost of living and alleged financial corruption but quickly turned into anti-government rallies.

Trump has said he would be willing to meet with Iranian President Hassan Rouhani anytime without preconditions.

"But talks need honesty", Rouhani said in a speech broadcast live on state television.

"We are always in favor of diplomacy and talks", Rouhani said, according to Reuters. Rouhani held a brief phone call with President Barack Obama in 2013 as the talks were getting underway, the first time presidents of the two countries had spoken directly since the 1979 Islamic Revolution.

Rouhani fell back on the rhetoric of many of his predecessors by referencing the 1953 CIA-backed coup that overthrew Iran's elected prime minister and cemented the shah's rule.

"It's an important part of our efforts to push back against Iranian malign activity", he said.

Trump pulled the United States out of the nuclear deal, saying it fails to address Iran's ballistic missile program, the terms by which inspectors visit suspect Iranian nuclear sites, and "sunset" clauses under which some of its terms expire.

At the stroke of midnight on Tuesday, the United States will sanction Iran's central bank, sending a clear message to its European allies: Do business with the USA, or do it with Iran, but not both.

A number of other countries have asked European Union officials for details on the blocking regulations as they also explore ways to bypass sanctions and their effect on oil markets: "There is a clear interest around the world", one European Union official said. The U.S. Treasury must approve the sale of airplanes whose components are at least 10 percent American-made, like the AT72-600.

"We urge all nations to take such steps to make clear that the Iranian regime faces a choice: either change its threatening, destabilising behaviour and reintegrate with the global economy, or continue down a path of economic isolation", Trump said.

"I think this regime is on very shaky ground", he said, adding that America's economic system is being used to put pressure on Iran.

Iran's net official reserves are projected to decline this year to $97.8 billion, enough to finance about 13 months of imports, the International Monetary Fund estimated in March.

By exiting the JCPOA, the United States is able to protect its national security by applying maximum economic pressure on the Iranian regime, he said, adding that so far his administration has issued 17 rounds of Iran-related sanctions, designating 145 companies and individuals.

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