Trump Warns Allies “Risk Severe Consequences” If They Violate Iran Sanctions
by Tyler Durden
ZeroHedge.com
Mon, 08/06/2018
With the hours ticking by ahead of Washington’s re-imposition of a slew of economic sanctions on Iran, President Trump has just released a statement confirming the narrative he would prefer Americans believe.
Just hours after the European Union issued a statement Monday ahead of when renewed US sanctions are set to snap back against Iran after midnight US Eastern time, saying it “deeply regrets” the sanctions and will take immediate action to protect European companies still doing business with Iran.
Trump makes it clear that any violation (among America’s allies) will not be tolerated…
“The Trump Administration intends to fully enforce the sanctions reimposed against Iran, and those who fail to wind down activities with Iran risk severe consequences.”
The first set of sanctions will hit at the Iranian financial system, including Iranian government purchases of US dollars and its gold trade and government bond sales. The US’ dominant role in the world’s financial system means it has been able to pressure countries and companies into compliance, though China remains a key holdout.
“The JCPOA, a horrible, one-sided deal, failed to achieve the fundamental objective of blocking all paths to an Iranian nuclear bomb,” Trump said Monday, defining that its policy as applying “maximum economic pressure on the Iranian regime.”
The Rest…HERE
