The Trump administration set the date to impose their “maximum pressure” campaign on Iran and the Ayatollah on November 5th — it’s here.
President Trump teased the date over the weekend in a tweet which said: “Sanctions are coming.” The line seemed to reference a line from HBO’s “Game of Thrones.” The line used in the show, “Winter is coming,” signals a coming doom and an end to all that the protagonist hold dear. With that in mind, Trump’s line seems to signal a coming economic doom for the nation of Iran.
The Trump administration said the sanctions being imposed on the country are among the toughest ever to be against the country.
Via Fox News:
The sanctions, re-imposed by President Donald Trump earlier this year, will end all the economic benefits America granted Tehran for its 2015 nuclear deal with world powers. The deal limited Iran’s enrichment of uranium.
The reimposition comes as Trump and Congress focus on congressional and gubernatorial elections in the U.S. Many will see the results as a major triumph for the president, or a political blow. Reuters pointed out that Trump campaigned in Chattanooga, Tenn., and he called the sanctions an effective strategy.
President Trump said the posture of Iran has changed dramatically since he pulled the U.S. out of the Iran Deal negotiated by his predecessor.
“Iran is a much different country than it was when I took office,” Trump said per Fox News. “They wanted to take over the whole Middle East. Right now they just want to survive.”
The sanctions being imposed by the Trump administration takes aim at Iran’s oil industry, among the world’s largest contributors.
From Fox News;
The new American sanctions take aim at Iran’s vital oil industry — a crucial source for its weak economy. Its national currency has plummeted over the last year amid an economic crisis. Prices for everything from mobile phones to medicine have skyrocketed.
Iran’s national currency, the rial, now trades at 145,000 to one U.S. dollar — down from 40,500 to $1 a year ago.
As Fox News also reports, Secretary of State Mike Pompeo said no longer would the U.S. be a willing participant to Iran’s sponsoring of terrorism.
“The sanctions that will be reimposed tomorrow are the toughest sanctions ever put in place on the Islamic Republic of Iran,” Pompeo said on Sunday. “They’re aimed at a single purpose — denying the world’s largest state sponsor of terror the capacity to do things like the things they’ve done in the past few weeks.”
Pompeo admittedly said the “maximum pressure” campaign has allowed some exceptions as eight countries were granted waivers. The Trump administration wants Iran to be unable to sell their oil to anyone, but, as Pompeo said, some countries “need a little bit more time to get to zero,” but “the march to zero continues.”
Here’s more, from the Washington Examiner:
In May, Trump announced that the U.S. was withdrawing from the 2015 Iran nuclear deal, known as the Joint Comprehensive Plan of Action, reached by his predecessor, former President Barack Obama.
The first set of sanctions on gold, energy, and Iran’s central bank returned in August. The latest round of sanctions snap back into place at midnight Eastern Time on Monday.
“The Treasury Department will add more than 700 names to our list of blocked entities,” said Treasury Secretary Steven Mnuchin on a Friday conference call with Pompeo and reporters. “This includes hundreds of targets previously granted sanctions relief under under the JCPOA, as well as more than 300 new designations. This is substantially more than we ever have previously done.”