In May, Trump pulled out of the 2015 Iran accord that aimed to curbed Iran's nuclear ambitions. Today, the Trump administrations have announced the toughest sanctions ever to be place. These sanctions included more than 700 entities, vessels, aircrafts, and individuals hitting the majors banks, sharing companies, and oil exporters. This has cause over 100 big international companies to withdrawal. In addition, the oil export of Iran has dropped almost a millions barrels a day, cutting off the main source of money of the country. Eight countries have been exempt from this: Italy, India, Japan, South Korea, Turkey, and China. All allies of the US.
The EU has stated that they have all objected to the sanctions. They have promised to continue doing "legitimate business" and will allow alternative payment to help companies trade without US penalties.
Link: https://www.bbc.com/news/business-46092435
Abby Widd
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