IMF says sanctions on Iran dampening economic sentiment

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AFP, Washington :
Uncertainty surrounding the sanctions on Iran and its relations with the United States pose a risk to the oil-producing nation’s economy, the International Monetary Fund said Monday.
The comments were a reference to the new sanctions the Trump administration imposed early this month on individuals and companies supporting Iran’s ballistic missile program and the Revolutionary Guards military force.
The measures came after Iran test-fired a medium range missile, which the White House contends violated a UN Security Council resolution proscribing missiles that could carry a nuclear device.
Washington issued a tough warning that the United States and its allies had been “too tolerant of Iran’s bad behavior” under the 2015 six-nation agreement to monitor and contain the country’s nuclear weapons development.
“The Trump Administration will no longer tolerate Iran’s provocations that threaten our interests,” former National Security Advisor Michael Flynn said early this month, before being forced to resign his post.
“The days of turning a blind eye to Iran’s hostile and belligerent actions toward the United States and the world community are over.”
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