First round of US sanctions on Iran to hit currency, automobiles and aviation

World Today

FILE PHOTO: A man walks past an anti-U.S. mural in Tehran, Iran October 13, 2017. (Nazanin Tabatabaee Yazdi/TIMA via REUTERS)

Reimposed U.S. sanctions on Iran are now in effect. They’re the result of the Trump administration unilaterally pulling out of the 2015 international nuclear agreement, which it called “flawed”.

Tehran now finds itself backed into a corner, with ordinary Iranians dealing with the fallout.

CGTN’s Wang Jinyan reports.

U.S. President Donald Trump tweeted about his executive order, while issuing a warning to countries still in the deal.

In a direct response to that tweet, Iran’s foreign minister Javad Zarif tweeted, “Reminder: International relations is not a beauty pageant, with tired cliches about a desire for WORLD PEACE.”

Wynn Segall discusses the impact of US sanctions on investments in Iran

The threat of U.S. sanctions has curbed a German automaker’s planned expansion in Iran. Attorney Wynn Segall advises companies dealing with Iranian sanctions and discusses the possible threats with CGTN’s Elaine Reyes.