Iran TerrorismUS Sanctions on Iran-Backed Hezbollah Come Into Force

US Sanctions on Iran-Backed Hezbollah Come Into Force

-

US sanctions on Iran-backed Hezbollah come into force

Iran Focus

London, 26 Oct – Donald Trump promised that all US sanctions against Iran will be in place on November 5, as he signed a bill that would impose strict sanctions on Iran-backed terror group Hezbollah.

Trump said: ” On November 5th, all US sanctions against Iran lifted by the nuclear deal will be back in full force, every sanction that we had on their originally, which would have if they would have just left it a little bit longer, would have been so much easier than what we’ve been through over the last number of years.”

Iran oil sanctions

When Trump withdrew from the 2015 nuclear deal in May, citing Iran’s cheating, he told all countries to cut their Iranian oil imports to zero or be barred from the US financial system. Many countries, including Japan and South Korea, have rightly decided to suspend their oil imports from Iran before the November 4 deadline. This has led to Iran’s oil export for October being projected at around 900,000 mt, compared with the usual 1.2 million-1.4 million mt a month.

While two Singapore-based fuel oil traders said that traders are wary and not prepared to take risks, given the uncertainty of Iranian fuel.

However, some, like India, are still hoping for sanctions waivers and are barely reducing their imports at all. However, the Treasury Department has recently said that sanctions waivers would only be available for countries that cut their imports from Iran by more than 20%.

This dramatic cut in the oil market could cause a rise in price, but Trump has vowed that other oil-producing countries can make up the shortfall and Treasury Secretary Steve Mnuchin has said that the current price projections have already factored in the sanctions.

Other sanctions

Trump has even promised to introduce more sanctions against Iran to address its “malign conduct” in all areas.

He said: “We will not allow the world’s leading sponsor of terror to develop the world’s deadliest weapons. Will not happen.”

One set of sanctions that help to prevent Iran malign actions is the Hezbollah International Financing Prevention Amendments Act (HIFPAA) of 2018, which targets a group used by Iran to spread terror and chaos around the world.

White House Press Secretary Sarah Sanders said: “Hezbollah has kidnapped, tortured and murdered American citizens, including in its brutal attack in 1983 on our Marine Barracks in Beirut, Lebanon which killed 241 American Marines, Sailors and Soldiers, wounded 128 other American service members and killed a Lebanese civilian. Another bombing against the French barracks killed 58 French peacekeepers and five Lebanese civilians.”

She said that this act will increase Hezbollah’s isolation from the international financial system and reduce its funding.

Latest news

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Iranian Workers’ Monthly $136 Wages Can’t Cover $500 Expenses

The lives of a significant portion of the Iranian population are marked by uncertainty, largely because the Iranian economy...

Iranian Nurses Earn Twice Their Wages in Ride-Hailing Services

Reza Aryanpour, a member of the regime’s Majlis (parliament) Health and Treatment Commission, highlighted the growing trend of nurses...

Iran: Unprecedented Record of 152 Million Liters of Gasoline Consumption Per Day

On March 19, Iran set a new historical record in gasoline consumption with 152 million liters consumed in one...

Must read

16-year-old Armita Geravand in critical conditions after police assault

An official news agency affiliated with the Iranian regime,...

France refuses to confirm Iran, Venezuela criticism

Reuters: France refused to confirm on Monday scathing criticism...

You might also likeRELATED
Recommended to you