JUST IN: Pres. Trump signs an executive order imposing new sanctions on Iran: “Today I am signing an executive order to impose sanctions in respect to Iran’s iron, steel, aluminum and copper sectors.”
One year after President Donald Trump withdrew the U.S. from the Iran nuclear deal, Iran has warned the pact's remaining signatories that it would stop implementing parts of the agreement if they don't improve economic cooperation with the country.
The new executive order, signed by the president on Wednesday, authorizes sanctions on Iranian iron, steel, aluminum, and copper sectors, which the White House said comprise 10 percent of Iran's export economy. The sanctions could also target financial institutions or foreign countries that facilitate Iran's export of those goods.
The increased pressure also comes days after U.S. officials said there was a credible and imminent threat from Iran or its proxies against U.S. personnel in the Middle East. Those reported threats led to the Pentagon moving the USS Abraham Lincoln and a bomber task force to the Middle East ahead of schedule and prompted Pompeo to make a last-minute trip to Iraq.
“If the five countries join negotiations and help Iran to reach its benefits in the field of oil and banking, Iran will return to its commitments according to the nuclear deal,” Rouhani said in a televised address, hours after Iran sent letters to each of the countries explaining its position. If not,"then there will be consequences in terms of how European powers react, so we urge the Iranians to think very long and hard... We strongly urge them to reconsider what they said in their letter," he said.
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