(CNN)Even before his shock win in 2016, US President Donald Trump was vocal in his criticism of the nuclear deal that the US, UK, France, Germany, Russia, and China signed with Iran in 2015.
Now that Trump has pulled out of the agreement to curb the country’s nuclear program, the first wave of unilateral US sanctions to “snap back” — or be reimposed — on Iran took force as of midnight Tuesday, with more to come later this year.
Tuesday’s round of sanctions affects, among other things, the Iranian purchase or acquisition of US dollar banknotes and of gold and precious metals, and will also weigh on significant transactions in the Iranian rial and have an impact on the country’s sovereign debt and its automotive industry.
