First Set of US Economic Sanctions against Iran Take Effect
On Tuesday the first set of economic sanctions against Iran took effect following an executive order
Donald Trump signed an executive order on Monday that aims to restore the sanctions that were lifted during the Obama administration.
Hassan Rouhani, the Iranian President said that “If someone has knife in the hand and seeks talks, he should first put the knife in his pocket.”
He also added that he has no pre-conditions for starting discussions with the US as long as the Islamic Republic receives its payback for decades of the so called American “intervention in Iran.”
“If the U.S. government is ready to negotiate about paying compensation to the Iranian nation from 1953 until now,” Rouhani said. “The U.S owes the Iranian nation for its intervention in Iran.”
It seems that the President is referencing the mission backed by the CIA to overthrow the country’s elected prime minister to secure the shah’s rule in 1953.
On the subject, a senior administration official argued that these restored sanctions are aimed to constrict the revenue Iran uses to fund “terrorists, dictators, proxy militias, and the regime’s own cronies.”
Further sanctions will resume on November 4th and will target Iran’s oil industry, as well as the banking sector.
Rouhani mentioned that his country can count on both China and Russia to supplement its oil and banking sectors amid US sanctions.
President Trump is believed to open the negotiations with Iran as he vowed to withdraw the US from a nuclear deal of which he says is a “horrible, on-sided deal that should have never ever been made.”