US State Secretary Pompeo: White House to detail Iran sanctions Monday - Reuters

Joshua Gibson FXStreet

As reported by Reuters, The US' Secretary of State Mike Pompeo announced that the White House is set to give details on the reimposition of stiff trade sanctions on Iran after President Trump pulled the US out of the Iran accord this year.

Key quotes

" The White House will make an announcement on Monday detailing the reimposition of U.S. sanctions on Iran that President Donald Trump has ordered for this week, Secretary of State Mike Pompeo said on Sunday.

Pompeo, speaking to reporters aboard his plane headed back to Washington from an Asia trip, said: “It’s an important part of our efforts to push back against Iranian malign activity.”

A U.S. Treasury official, speaking on condition of anonymity, said so-called “snapback” sanctions will be reimposed at 12:01 a.m. EDT on Tuesday.

In May, Trump pulled the United States out of a 2015 deal between world powers and Tehran under which international sanctions were lifted in return for curbs on its nuclear program."

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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