US President Donald Trump has signed an executive order reimposing many sanctions on Iran to levy “maximum economic pressure” on the Islamic Republic.
Trump repeated his opinion that the 2015 international nuclear agreement with Iran, known as the Joint Comprehensive Plan of Action (JCPOA), was a “horrible, one-sided deal.”
“[The Iran nuclear deal] a horrible, one-sided deal, failed to achieve the fundamental objective of blocking all paths to an Iranian nuclear bomb,” Trump said in a statement on Monday.
“Since the deal was reached, Iran’s aggression has only increased. The regime has used the windfall of newly accessible funds it received under the JCPOA to build nuclear-capable missiles, fund terrorism, and fuel conflict across the Middle East and beyond,” he said.
Trump also warned that nations that do not gradually reduce their ties to the Iranian economy “risk severe consequences” under the reimposed sanctions.