On Monday, America will reimpose sanctions on the Iranian regime's energy, shipping and financial sectors, targeting over 700 entities. Many of these companies were initially hit by Obama-era sanctions that were subsequently lifted when the U.S. entered the Iran nuclear deal in 2015. Three hundred of the entities are new targets.
Monday's action will be the most significant move resulting from President Trump's decision in May to withdraw from the Iran nuclear deal. The U.S. was not able to force Iranian oil exports to zero — which was its stated goal.
Eight countries will get sanction waivers, though the U.S. will not reveal the list of countries until Monday. Afghanistan, Iraq and South Korea are three countries on the list of waiver recipients, according to diplomatic sources, CBS News has confirmed. Other officials have said the list would include U.S. allies such as Turkey, Italy, India, Japan and South Korea, had made efforts to eliminate their imports but could not complete the task by Monday.
