The European Union confirmed on Monday that it had reinstated sanctions against Iran, following a similar move against Iran by the United Nations.
The EU said the sanctions included freezing the assets of the Iranian Central Bank and other Iranian banks, as well as travel bans on certain Iranian officials © Mena Today
The European Union confirmed on Monday that it had reinstated sanctions against Iran, following a similar move against Iran by the United Nations.
"Today, the EU reinstated sanctions against Iran in response to its continued non-compliance with the nuclear agreement. The door for diplomatic negotiations remains open," said the EU presidency in a statement.
The EU said the sanctions included freezing the assets of the Iranian Central Bank and other Iranian banks, as well as travel bans on certain Iranian officials.
The EU was also banning Iran's purchase and transportation of crude oil and the sale or supply of gold and certain naval equipment.
On Sunday, the United Nations reinstated an arms embargo and other sanctions on Iran over its nuclear programme following a process triggered by European powers that Tehran has warned will be met with a harsh response.
Britain, France and Germany initiated the return of sanctions on Iran at the U.N. Security Council over accusations it had violated a 2015 deal that aimed to stop it developing a nuclear bomb. Iran denies seeking nuclear weapons.
Reporting by Andrew Gray
Qatar said mediators were making progress in efforts to end the U.S.-Iran war on Tuesday, driving oil prices lower, although Tehran has denied President Donald Trump's assertion that talks are already under way.
Iran is betting it can outlast Washington by turning the Middle East's trade routes, shipping lanes and energy infrastructure into pressure points that steadily raise the cost of confrontation, according to Gulf officials and analysts.
Conflicting signals from the United States and Iran over the status of talks to end their five-month-old war boosted uncertainty on Tuesday, with the latest attack on shipping in the Strait of Hormuz highlighting risks to global energy flows.
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