Iran is experiencing its first wave of U.S. sanctions today. They had been suspended by the 2015 nuclear agreement but snapped back into place a minute after midnight Eastern Time. This round hits Iran's trade in gold and other precious metals, the sale or transfer of metals including steel and aluminum, coal, and a wide range of currency transactions. Sanctions due to hit in November include Iran's oil exports. President Trump tweeted this morning, "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!"
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