Italy, Greece only EU countries exempted from Iran sanctions

The United States has reimposed oil and financial sanctions against Iran, significantly turning up the pressure on Tehran in order to curb its alleged missile and nuclear programmes. The move on Monday will restore US sanctions that were lifted under a 2015 nuclear deal negotiated by the administration of President Barack Obama, and add 300 new designations in Iran’s oil, shipping, insurance and banking sectors.

U.S. Secretary of State Mike Pompeo and other administration officials have described the penalties as the “toughest sanctions ever placed” on Iran, Washington Post reports.

Pompeo said the temporary oil waivers had been granted to China, India, South Korea, Turkey, Italy, Greece, Japan, and Taiwan.

 

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