Donald Trump reimposes sanctions on Iran that were lifted by Barack Obama

Donald Trump reimposes sanctions on Iran that were lifted by Barack Obama

"Our policy is not regime change, but we want to put unprecedented pressure on the government of Iran to change its behavior", he said on "America's Newsroom".

So-called snapback sanctions, due to come into force early on Tuesday, target Iranian purchases of USA dollars, metals trading, coal, industrial software and its auto sector.

French carmaker Renault, which does not sell cars in the USA, has said it will remain in Iran despite the sanctions.

Those sanctions will also target Iran's Central Bank, the country's port operators and shipping and ship building sectors, as well as the provision of insurance and financial messaging services.

"I am pleased that many worldwide firms have already announced their intent to leave the Iranian market, and several countries have indicated that they will reduce or end imports of Iranian crude oil", Trump said in a statement on August 6.

"None of this needs to happen".

"They could take up the president's offer to negotiate with them, to give up their ballistic missile and nuclear weapons programs fully and really verifiably", Bolton told Fox News.

But that's a nonstarter with the regime, which has already rebuffed Trump's proposal to meet, saying he can not be trusted because he's already gone back on America's word.

Despite the US move to restore the sanctions, which Secretary of State Mike Pompeo reaffirmed in Alaska late Sunday, the Europeans said they would continue to work with Iran to preserve the deal.

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But questions persist as the administration appears to welcome the collapse of Iran's economy and voice louder and louder support for protests against the regime for the economic state.

"Considering the dramatic consequences for USA national security and foreign policy interests, the Trump administration should not be given free reign to plunge the United States into a confrontation with its closest allies and partners".

"The JCPOA is working and delivering on its goal, namely to ensure that the Iranian program remains exclusively peaceful, as confirmed by the International Atomic Energy Agency (IAEA) in 11 consecutive reports", the joint statement read. That could make an economic pressure campaign less effective, especially because other countries like China, Russia, India, and Turkey are not on board - let alone allies in Europe.

Rouhani has suggested Iran might block the Strait of Hormuz in response to a shutdown of its oil exports.

Trump has said the nuclear agreement was flawed and Pompeo claimed Sunday that Iran was the world's largest state sponsor of terrorism.

They will also limit Iran's access to software and automotive sectors, while blocking its ability to buy commercial aircraft or trade in food and other goods, as well. The U.S. Treasury must approve the sale of airplanes whose components are at least 10 percent American-made, like the AT72-600. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

"At this point, they are facing what many call one of the worst economic crisis this country has ever seen".

European Union officials say they will be strict in reviewing requests for exemptions.

The unofficial rate for the rial fell to a record 119,000 to the dollar last week (where it had previously been around 60,000), before rallying in response to government efforts to address the crisis, and stood at 98,500 on Sunday night.