Reimposing Certain Sanctions With Respect to Iran
Headline: Reimposes Sanctions Targeting Iran's Energy, Finance, and Trade
What it does: Agencies must reimpose sanctions and implement blocking, financial, trade, and visa restrictions as specified in the order.
- Blocks property and U.S. dealings of designated Iranian persons and entities.
- Restricts foreign banks' U.S. correspondent and payable-through accounts for Iran-related transactions.
- Allows denial of visas and suspension of entry for covered individuals.
Summary
This order directs the U.S. government to reimpose sanctions that were lifted under the 2015 nuclear agreement and to use broad authorities to block property, restrict financial accounts, and limit trade and services with Iran.
It authorizes the Treasury and State Departments and other agencies to target Iran's energy, shipping, shipbuilding, banking, automotive, petroleum, petrochemical, and rial-related transactions, to deny visas, and to block people and entities involved in diversion or human-rights abuses.
The stated purpose is to increase financial pressure on Iran over its weapons programs, regional aggression, and support for terrorism.
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