President Trump imposed a fresh set of sanctions on the Tehran regime on Wednesday, targeting Iran’s iron, steel, aluminum and cooper sectors.
The move came on the one-year anniversary of Trump’s announcement of the US withdrawal from the 2015 international nuclear agreement with Iran — known as the JCPOA.
“Today’s action targets Iran’s revenue from the export of industrial metals — 10 percent of its export economy — and puts other nations on notice that allowing Iranian steel and other metals into your ports will no longer be tolerated,” Trump said on Wednesday.
The Tehran regime “is struggling to fund its campaign of violent terror, as its economy heads into an unprecedented depression, government revenue dries up, and inflation spirals out of control,” he noted. “We are successfully imposing the most powerful maximum pressure campaign ever witnessed, which today’s action will further strengthen.”
“Tehran can expect further actions unless it fundamentally alters its conduct,” the US president warned. “Since our exit from the Iran deal, which is broken beyond repair, the United States has put forward 12 conditions that offer the basis of a comprehensive agreement with Iran. I look forward to someday meeting with the leaders of Iran in order to work out an agreement and, very importantly, taking steps to give Iran the future it deserves.”
A White House statement on Wednesday said the Trump administration was “imposing tougher sanctions on Iran than ever before because the regime continues to engage in destructive and destabilizing activities.”
“The regime has maintained its nuclear ambitions and continues to develop its ballistic missile capabilities and support terrorism,” the White House added. “The United States will aggressively enforce its sanctions, and those who continue to engage in sanctionable activity involving Iran will face severe consequences.”
Earlier on Wednesday, Iranian President Hassan Rouhani announced his country was scaling back curbs to its nuclear program under the JCPOA, and threatened to do more — including enriching uranium to a higher level — if countries did not shield it from US sanctions.