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8/11/18

Middle East: Global powers condemn US sanctions against Iran and encourage businesses to ignore the Trump administration

Several global powers have decried President Donald Trump's administration for reinstating tough economic sanctions against Iran, while actively calling on businesses to ignore the White House over the coming months.

Despite pleas from key members of the international community, the U.S. re-imposed sanctions targeting the Iranian government's purchase of U.S. dollars on Tuesday. The measures also impact Tehran's trade in gold and other precious metals, as well as its automotive industry.

In a tweet posted earlier this week, Trump said: "These are the most biting sanctions ever imposed, and in November they ratchet up to yet another level. Anyone doing business with Iran will NOT be doing business with the United States. I am asking for WORLD PEACE, nothing less!"

Read more: Global powers condemn US sanctions against Iran and encourage businesses to ignore the Trump administration

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