Why did President Trump choose November 4 date against Iran?

Hugh Fox
November 6, 2018

In addition to Iran's oil sector the US measures target the country's shipping, shipbuilding and banking sectors.

The Trump administration though has granted exemptions to eight countries to continue importing Iranian oil, without naming them.

Israel's prime minister is lauding the newly restored US sanctions against Iran as "historic", saying they will "strangle" what he described as Iranian state-sponsored terrorism.

Despite this, Iran will continue to sell some oil as Washington said on November 2 it would temporarily allow eight importers to keep buying Iranian supplies. "Watch as we've already taken more crude oil off the market than any time in previous history", he said on Sunday.

The second package of USA sanctions on Iran began today, Sunday, November 4, after the Trump administration withdrew from the nuclear deal in May and implemented a first package in August.

And Pompeo said that any Iranian banks involved in "sanctionable behaviour will be sanctioned by the Department of Treasury, period, full stop".

Secretary of State Mike Pompeo, left, and Treasury Secretary Steven Mnuchin, present details of the new sanctions on Iran, at the Foreign Press Center in Washington, Monday, Nov. 5, 2018.

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The administration's strategy is to punish Iran so severely that it's compelled to negotiate a permanent end to its nuclear ambitions, as well as what the US calls its "malign behavior" in the Middle East.

Speaking in Tehran on Sunday, Brigadier General Hossein Salami said that Iran's power has reached a level, that "we can threaten the vital interests" of a country such as the U.S.

The U.S. reimposed oil and financial sanctions against Iran on Monday, significantly turning up the pressure on Tehran in order to curb its missile and nuclear programs and counter its growing military and political influence in the Middle East.

The United States announced a new raft of sanctions on Iran on Monday and threatened further action. Iran denies the allegations.

The settlement technicalities envisaged in the waiver mechanism would save foreign currency for the countries that have been allowed to continue oil purchases from Iran among other gains.

"We are going to make sure we are putting it where it hurts in these financial sectors and the oil industry".

Iranian students stormed the embassy shortly after the 1979 Islamic Revolution, taking 52 Americans hostage for 444 days.

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Meanwhile in Israel Defence Minister Avigdor Lieberman called sanctions the "change the Middle East has been waiting for".

Iran has greeted the re-imposition of USA sanctions with air defense drills and an acknowledgement from President Hassan Rouhani that the nation faces a "war situation".

However, President Donald Trump's personal lawyer, Rudy Giuliani, and National Security Adviser John Bolton both have made public statements supporting overthrowing Iran's theocratic Government.

"We are in a situation of economic war, confronting a bullying power". This round specifically targets over 700 Iranian entities and assets including: 50 Iranian banks, Iran Air, as well as numerous people and vessels in the country's shipping sector.

Elsewhere in his remarks, FIEO head Gupta said Indian exports to Iran during the last fiscal year stood at $2.5 billion, which was less than 1 percent of India's total exports of around $302.8 billion.

Bolton on Monday said the latest sanctions were only the beginning.

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