U.S. Sanctions on Iran to Return: President Trump Announces Withdrawal From the Iran Nuclear Deal
In a move that will affect non-U.S. subsidiaries of U.S. companies and other non-U.S. companies that do business in and with Iran, on May 8, 2018, President Donald Trump announced his decision to terminate the participation of the United States in the Joint Comprehensive Plan of Action (the “JCPOA”). The termination of sanctions relief under the JCPOA marks a move away from the Obama-era U.S. foreign policy towards Iran and will result in the re-imposition of certain sanctions relating to Iran.