EU revives bans on Iran’s oil, banking and transport sectors after UN snapback

European Commission President Ursula von der Leyen delivers the State of the European Union address to the European Parliament, in Strasbourg, France, September 13, 2023.
European Commission President Ursula von der Leyen delivers the State of the European Union address to the European Parliament, in Strasbourg, France, September 13, 2023.

The European Union on Monday reimposed sweeping sanctions on Iran’s nuclear and ballistic programs after the return of United Nations restrictions under the snapback mechanism, reinstating bans on trade, finance, transport and energy first lifted in 2015.