London, 23 Jun - Last month, US President announced that he would be pulling the United States out of the 2015 Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA). He also said that the sanctions that were lifted as a result of the nuclear deal will be reapplied and that fresh ones would be issued. We do not know the full details of the sanctions yet, but it is expected that we will hear soon, as the deadlines approach.
Iran pretends to be rather unconcerned about the sanctions. Iran is used to sanctions and had lived with them for so long that it has been able to find work-arounds. Several Iranian officials have recently said that the sanctions will be little more than an inconvenience.