The sanctions countdown clock is ticking

Graphic showing Iran sanctions deadline with Trump U.N. quote below it (State Dept./J. Maruszewski)

When President Trump withdrew the United States from the Iran nuclear deal in May, he signed an order immediately reimposing the highest level of sanctions on the Iranian regime and critical sectors of Iran’s economy.

The administration gave businesses worldwide time to wind down any business with Iran. U.S. sanctions on Iran’s automotive sector, its trade in gold and other key metals, and its currency trading went back into effect on August 7.

As of midnight November 4, businesses must stop buying Iranian oil or be barred from doing business in the United States.

With this second deadline just weeks away, the U.S. government’s message could not be clearer.

As President Trump told the United Nations Security Council in September, “The United States will pursue additional sanctions, tougher than ever before, to counter the entire range of Iran’s malign conduct. Any individual or entity who fails to comply with these sanctions will face severe consequences.”