US (Re-)Imposes Far-Reaching Sanctions With Respect to Iran
16 August 2018
Following the administration’s withdrawal of the United States from the Joint Comprehensive Plan of Action (JCPOA) in May 2018 and the expiry of the first of two accompanying wind-down periods on August 6, 2018, President Trump issued Executive Order 13846 Reimposing Certain Sanctions With Respect to Iran (EO 13846), which authorizes and imposes a range of sanctions targeting persons engaged in various transactions involving Iran. OFAC concurrently released new FAQs regarding the EO 13846 and the newly-imposed sanctions. EO 13846 not only re-imposes certain of the sanctions with respect to Iran that had previously been suspended pursuant to the JCPOA, but also broadens the scope of the pre-JCPOA sanctions.