US President Donald Trump on Tuesday said that sanctions reimposed on Iran were the “ most biting ever ” as he warned other countries from doing business with Tehran .“ The Iran sanctions have officially been cast . These are the most biting sanctions ever imposed , and in November they ratchet up to yet another level , ” he wrote in an early morning tweet.
“ Anyone doing business with Iran will NOT be doing business with the United States . I am asking for WORLD PEACE , nothing less. ”
The sanctions reimposed on Tuesday — targeting access to US banknotes and key industries such as cars and carpets — were unlikely to cause immediate economic turmoil .
Iran ’ s markets were actually relatively buoyant , with the rial strengthening by 20 percent since Sunday after the government relaxed foreign exchange rules and allowed unlimited , tax – free gold and currency imports .
But a second tranche coming into effect on November 5 covering Iran ’ s vital oil sector , could be far more damaging — even if several key customers such as China , India and Turkey have refused to significantly cut their purchases .
Trump ’ s contempt for the nuclear deal dates back to his time as presidential candidate and on May 8 , he made good on a pledge to pull America out of the international agreement .
The unilateral withdrawal came despite other parties to the agreement — Britain , China , France , Germany , Russia and the EU — pleading with Trump not to abandon the pact aimed at blocking Iran from acquiring a nuclear weapon .
( AFP )
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