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United States Ends Participation in Iran Nuclear Deal, Re-Imposes Sanctions Against Iran

May 9, 2018, Covington Alert

On May 8, 2018, President Trump announced his decision to end U.S. participation in the Joint Comprehensive Plan of Action (“JCPOA”) and re-impose sanctions against Iran that had been suspended as part of this 2015 nuclear agreement between the United States, Iran, and certain other governments. This action will have far-reaching effects for both U.S. and non-U.S. companies transacting business with Iran pursuant to the U.S. government’s JCPOA-related sanctions relief, which will be phased out over the next six months. 

 

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