Trump Warns World Against Doing Bussiness With Iran

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US President Donald Trump said that sanctions reimposed on Iran were the “most biting ever” as he warned other countries from doing business with Tehran. The Iran sanctions have officially been cast.

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.

The sanctions reimposed, targeting access to US banknotes and key industries such as cars and carpets were unlikely to cause immediate economic turmoil. Iran’s markets were actually relatively buoyant, with the rial strengthening by 20% since Sunday after the government relaxed foreign exchange rules and allowed unlimited, tax-free gold and currency imports.

In a statement on Monday before the sanctions were reimposed, Mr. Trump said: “The Iranian regime faces a choice. Either change its threatening, destabilizing behaviour and reintegrate with the global economy, or continue down a path of economic isolation”, and further added, “I remain open to reaching a more comprehensive deal that addresses the full range of the regime’s malign activities, including its ballistic missile programme and its support for terrorism.”

Trump’s Iranian counterpart Hassan Rouhani dismissed the idea of talks while crippling sanctions were in effect. “If you’re an enemy and you stab the other person with a knife, and then you say you want negotiations, then the first thing you have to do is remove the knife” and further added, they want to launch psychological warfare against the Iranian nation and negotiations with sanctions doesn’t make sense.”

But the second round of sanctions, which will return to an effect on November 5, covering Iran’s vital oil sector, could be far more damaging. This despite several key customers such as China, India and Turkey refusing to significantly cut their purchases.

Trump’s contempt for the nuclear deal dates back to his time as a presidential candidate and on May 8, he made good on a pledge to pull America out of the international agreement. The unilateral withdrawal came despite other parties to the agreement Britain, China, France, Germany, Russia and the EU, pleading with Trump not to abandon the pact aimed at blocking Iran from acquiring a nuclear weapon.