A New Landscape For Iranian Sanctions

On 8 May 2018, President Trump announced his decision to cease the United States’ participation in the Joint Comprehensive Plan of Action (JCPOA), and within 180 days, to begin re-imposing the US Sanctions, that were previously lifted or waived in accordance with the JCPOA.

The decision will inevitably lead to an uncertain period whilst parties decide whether or not they must extract themselves from their relationships and transactions with Iran. It may also bring to an end commercial relationships and transactions that parties have worked hard to build since the suspension of sanctions on 16 January 2016.

We consider below the sectors and activities that will be effected by the recent US decision, what is now required from parties that are dealing with Iran, and what the new Iranian sanctions landscape looks like.