Reimposing Certain Sanctions With Respect to Iran
Executive Order 2018-17068
|Signed on August 7, 2018
45th Presidency
What it means
This order reimposes sanctions on Iran that were previously lifted under the Iran nuclear deal (JCPOA), which Trump withdrew from in May 2018. It targets Iran's automotive, energy, and financial sectors, prohibiting various transactions with Iranian entities and blocking property of sanctioned persons.
Expected impact
- Significant economic pressure on Iran through restrictions on oil exports, financial transactions, and trade in key sectors
- Increased isolation of Iran's economy from global markets and financial systems
- Potential diplomatic tensions with countries still supporting the JCPOA who may oppose these sanctions
- Higher global oil prices as Iranian oil exports decrease
- Challenges for international businesses with Iranian connections who must navigate complex compliance requirements