President Donald Trump's administration imposed sweeping sanctions Thursday on Iran's banking sector, taking a major new step to cripple the arch-rival's already struggling economy weeks ahead of US elections.
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All tagged humanitarian trade
◢ A new Swiss payment mechanism allowing food, medicine and other humanitarian aid to be sent to Iran without stumbling over US sanctions has officially taken effect, Bern said Thursday. Iran has been facing severe medical shortages since the US pulled out of a landmark nuclear deal and reimposed crippling sanctions on the country in 2018.
◢ At least two Iranian vessels set to carry Brazilian corn are stranded off the Latin American nation’s coast because they can’t get fuel, according to the port authority at Paranagua. State-controlled oil company Petroleo Brasileiro said it won’t supply the ships—which have been floating for over a month—due to the risk of U.S. sanctions.
◢ Special Representative for Iran Brian Hook briefed reporters regarding Iran sanctions to be reimposed on Monday November 5. This transcript was published by the Office of the Spokesperson at the U.S. Department of State. The briefing took place on Friday November 2.