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U.S. President Donald Trump's administration on Nov. 5 reimposed all of the sanctions that were lifted by Barack Obama's administration as part of a 2015 deal over Iran's nuclear program.U.S. Treasury Secretary Steve Mnuchin described the sanctions as the Treasury Department's "largest-ever single-day action on Iran".According to Pompeo, more than 100 countries have withdrawn from Iran since May or have canceled future plans there, with Tehran also losing more than $2.5 billion in oil revenue.The United States: Isolated?While the sanctions are essentially the same that were in place before the JCPOA, the United States does not have the same international support it enjoyed in the years leading up to negotiations over the nuclear deal, according to Fried and David Mortlock, a nonresident senior fellow with the Atlantic Council's Economic Sanctions Initiative. where it hurtsThe U.S. hopes the reimposed sanctions will help squeeze Iran out of the oil market a vital source of income which the U.S. claims Tehran uses to fund terrorism throughout the Middle East.Worse still, many of Iran's hard-liners who opposed the JCPOA in the first place have now been emboldened by the U.S. withdrawal, Dagres explained.
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