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US reimposes sanctions as Iran deal crumbles

With the Donald Trump administration set to reimpose Iran sanctions after exiting the nuclear deal, it’s looking less and less likely the rest of the world can salvage the accord.
U.S. President Donald Trump signs a proclamation declaring his intention to withdraw from the JCPOA Iran nuclear agreement in the Diplomatic Room at the White House in Washington, U.S., May 8, 2018. REUTERS/Jonathan Ernst     TPX IMAGES OF THE DAY - RC157E042900

The United States is set on Aug. 6 to reimpose a first batch of Iran sanctions lifted under the 2015 nuclear deal following President Donald Trump’s withdrawal from the accord.

The upcoming sanctions target Iran’s automotive, precious metal, steel and aluminum sectors as well as rial transactions and civilian aircraft sales. While relatively minor compared with the sweeping oil sanctions due to resume in November, they could still put another dent in Iran’s strained economy and create new urgency on Tehran to solidify business ties with other countries.

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