Sector: Islamic Influence and Oil Exports

sector: The measures are part of a wider effort by US President Donald Trump to curb Tehran's missile and nuclear programs and diminish the Islamic Republic's influence in the Middle East, notably its support for proxies in Syria, Yemen and Lebanon, according to Nine News Australia. Trump's moves target Iran's main source of revenue - its oil exports - as well as its financial sector, essentially making 50 Iranian banks off limits to foreign banks on pain of losing access to the US financial system. To improve your experience update it here News WorldUS restores sanctions, Iran vows defiance9 49am Nov 6, 2018Facebook Tweet Mail The United States has reimposed sanctions targeting Iran's oil, banking and transportation sectors and threatened more action to stop its outlaw policies, steps the Islamic Republic called economic warfare and vowed to defy. The return of the sanctions was triggered by Trump's May 8 decision to abandon the 2015 Iran nuclear deal, negotiated with five other world powers during Democratic President Barack Obama's administration. The US is betting the economic pressure will force Iran to change its behaviour and agree to a new, much more restrictive deal. That agreement had removed many US and other economic sanctions from Iran in return for Tehran's commitment to curtail its nuclear program. (news.financializer.com). As reported in the news.