The Trump administration is poised to reimpose sanctions on Iran this Monday. Tehran has been abiding by the nuclear deal, but some warn that it could fall apart in the face of renewed sanctions.
The new sanctions, which were previously lifted under the 2015 nuclear deal, severely limit Iran's ability to buy U.S. currency and issue sovereign debt, and place restrictions on trade with Iran.
The Trump administration's decision to pull out of the Iran nuclear deal may complicate efforts to free American citizens detained in Iran, former U.S. diplomats warn.
President Trump's decision to withdraw from the Iran nuclear agreement puts the U.S. at odds with some of its closest allies. Companies rushed to do business in Iran when the agreement took effect.
Many of Iran's top oil importers are in Asia. South Korea is among them, but U.S. pressure to decrease oil purchases puts Seoul in a tricky position ahead of President Trump's North Korea summit.
In his defense, Richard Grenell said his tweet instructing German companies to "wind down operations immediately" in Iran was just following "White House talking points."
"We're certainly going to be pushing and asking and cajoling them to disinvest, absolutely," State Department official Andrew Peek tells NPR. The U.S. withdrew from the Iran nuclear deal on Tuesday.
Reaction was mixed, with Barack Obama calling the move "misguided," Israel praising the president, and Iran and France, Britain and Germany considering the next step.