US reimposes all nuclear-related sanctions on Iran

6 November 2018 (Last Updated November 6th, 2018 15:07)

The US has fully reimposed all related sanctions that were previously lifted under the Iran nuclear deal.

The US has fully reimposed all related sanctions that were previously lifted under the Iran nuclear deal.

US President Donald Trump has claimed that the nuclear-related will be the toughest sanctions ever imposed on the country and will completely terminate the participation of America in the Iran nuclear deal.

In 2015, the long-term deal on Iran’s nuclear programme was agreed with the P5+1 world powers, the US, the UK, France, China, Russia and Germany.

Known as the Joint Comprehensive Plan of Action (JCPOA), Trump has accused it of failing in its fundamental aim to permanently block Iran developing a nuclear bomb.

Since the nuclear deal was reached, Trump has claimed that Iran’s military budget has increased by approximately 40%. However, this figure has been disputed in other reports.

The latest set of sanctions reintroduced includes sanctions on Iran’s energy, shipping and shipbuilding sectors, as well as sanctions targeting transactions with the Central Bank of Iran and national banks.

Trump claims that returning sanctions will affect revenues used by the Iranian regime to fund the country’s nuclear programme.

In May, Trump announced that the US would withdraw from what he considered to be a ‘one-sided’ deal, alleging that the Iranian regime has provided billions of dollars to support regional conflicts since the signing the agreement.

According to Trump. Iran has also supported and enhanced its missile development and proliferation, and allegedly lied about its nuclear ambitions.

However, the US Government has stated that it is ready to enter a new and more comprehensive agreement with the country that would permanently block Iran’s means of developing a nuclear weapon.

Iran has denied Trump’s accusations.