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‘Open to reaching a new Iran deal’
Why it is in news?
- U.S. President Donald Trump on Monday told Iran to change its “destabilising” behaviour or risk further economic isolation, hours before the reimposition of sweeping sanctions against Tehran, though he left the door open to a new deal.
Effects of sanctions
- Trump pulled Washington out of the historic 2015 multilateral accord in May, to the consternation of his European partners.
- Against a backdrop of political turmoil and protests in Iran, Foreign Minister Mohammad Javad Zarif accused Mr. Trump of “bullying” and of being isolated in his hostility to the Islamic Republic.
- Destabilising behaviour’-A first phase of U.S. sanctions against Iran went into effect midnight, targeting Iran’s access to U.S. banknotes and key industries including cars and carpets.
- Renewed U.S. hostility has already sparked a run on Iran’s currency, which has lost around half its value since Mr. Trump’s announcement.
- It has added to tensions inside Iran, which has seen days of protests and strikes in multiple towns and cities over water shortages, high prices and wider anger at the political system.
source
The Hindu