Iran will have to face the tough sanctions enforced by US President Donald Trump through which he aims its national revenue from its exports of industrial metals during the recent dilemma between Iran and Washington and Tehran over a 2015 international treaty restraining the nuclear program of the Islamic Republic.
Iran had declared hours earlier that it was easing some impasses on its nuclear program, and its moves restrained the violation of the deal with world powers for now but also gave threatening about taking more actions if the countries do not safeguard it from the toughened sanctions by the US.
Trump administration issued an executive order ranging the iron, steel, aluminum, copper sectors of Iran, as well as the largest non-petroleum-related sources of export revenue and substantial export economy according to the statement of White House.
The US President, Donald Trump said, “ Tehran can expect further actions unless it fundamentally alters its conduct”.
The administration claims the negotiated nuclear deal by the predecessor of Trump, Barack Obama, was distorted as it is not permanent, does not penalize it for executing proxy wars in the Middle East.
The diplomatic dilemma between the two countries was already high while the Trump administration said last weekend that it was positioning a carrier strike group and bombers to the Middle East in response to what it claimed were “ troubling indications and warnings” from Iran.
A senior administration official claimed the United States was “ not escalating militarily against Iran” and accused Iran of being “provocative.” it was the best interests of Iran for continuing the resolution of the pact according to the official.
The executive order bans the entities effectively from the sale, acquisition, purchase, transport or marketing of those minerals and their products from Iran or confronts sanctions.
As per the regulations of the executive order, any individuals and entities would be the target of the US sanctions if they engaged intentionally in a sufficient transaction for the sale, transfer, supply to Iran of notable goods or services used in connection with those manufacturing metal sectors.
The US Treasury claimed it was allowing a 90-day devious period for the transactions involved in the metal sectors of Iran and warned against entering into a current business after 8th May.