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Bloomberg
The Trump administration will consider partial exemptions from oil sanctions against Iran for some countries as a first wave of non-oil penalties against the Islamic Republic snap back into effect on Tuesday, US officials said.
President Donald Trump is still willing to meet with Iranian President Hassan Rouhani at any time, without preconditions, as the US ramps up economic pressure on Tehran after Trump quit the 2015 international nuclear accord with Iran, the officials told reporters. The Iranian rial has slumped to record lows as the economy faces an escalating crisis. Iran’s central bank scrapped most currency controls introduced this year in a bid to halt the currency’s plunge.
In measures that were announced soon after Trump’s move, the US will ban purchases of dollar banknotes by Iran, prevent the government from trading gold and other precious metals and block the nation from selling or acquiring various industrial metals.
The measures also target the auto industry, and will ban imports of Persian carpets and pistachios to the US.
The US is weighing case-by-case exemptions for some countries from the next set of sanctions — which take effect in 90 days —targeting Iranian oil exports, the officials said.