Secretary of State Mike Pompeo announced that the sanction will be vigorously enforced in an attempt to get Iran to end their quest for nuclear capabilities.
President Trump on Monday renewed sanctions on Iran as he followed through on vows to unravel the Obama-era nuclear deal with Tehran.
“Our policy is based on a clear-eyed assessment of the Iranian dictatorship, its sponsorship of terrorism, and its continuing aggression in the Middle East and all around the world,” Trump said in a statement.
The move comes three months after Trump pulled out of the deal and is part of an effort to apply “maximum economic pressure” on the regime, according to the administration.
The order drew a swift rebuke from European allies, though, whose foreign ministers said they "deeply regret" the re-imposition of U.S. sanctions on Iran. The European Union issued a "blocking statute" Monday to protect European businesses from the sanctions.