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Sanctions beckon as Trump cannot resist pulling down the Iran nuclear deal

A new countdown has begun for Iran’s relations with the world. Following President Donald Trump’s heavily telegraphed 8 May decision that the United States would no longer honour its commitments under the Joint Comprehensive Plan of Action (JCPOA), the US is set to reinstate the sanctions on Iran it dropped in January 2016 when the nuclear deal was implemented. The embargo will be implemented in two stages. Sanctions on the oil and gas, petrochemicals and shipping sectors, as well as measures against Bank Markazi-ye Jomhuri-ye Eslami-ye Iran (Central Bank of Iran), will be re-imposed in 180 days, on 4 November.

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