JEDDAH: When the clocks strike midnight on the US east coast on Sunday, Iran will become the world’s economic pariah state.
US President Donald Trump will reintroduce tough sanctions on Iran’s vital oil sales and banking sectors to try to force Tehran into negotiations to scrap its nuclear and ballistic missile programs and end its regional meddling.
Most international sanctions were lifted in 2016 in a deal Iran signed with world powers the year before to curb its uranium enrichment program, widely seen as a disguised effort to develop a nuclear bomb.
But Trump denounced the deal as flawed in Iran’s favor, and withdrew in May. His decision was welcomed throughout the Middle East.
Iran’s “aggressive policies” were “largely responsible” for the reimposition of US sanctions, the UAE Minister of State for Foreign Affairs, Anwar Gargash, said on Saturday.
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