Reimposed sanctions on Iran under Executive Order 13846
On August 6, 2018, President Trump signed Executive Order 13846, which reimposed certain sanctions on Iran that had been lifted under the Joint Comprehensive Plan of Action (JCPOA). The order reinstated sanctions targeting Iran's automotive sector, metals, mining, and other industries, as well as its access to the U.S. financial system. The direct effect on Americans included increased restrictions on U.S. companies' ability to conduct business with Iran, potential impacts on global oil prices and inflation, and changes to foreign policy obligations.