The first US sanctions against Iran were imposed in 1979.
Then, the United States received the Shah of Iran, prompting the Islamic Republic to respond through the invasion of the US Embassy and taking hostages inside.
Therefore, the US responded by freezing $ 12 billion of Iranian assets, including bank deposits, gold and other properties.
The US-Iranian conflict had officially started, a start that later witnessed further escalation.
After Iraq invaded Iran, the US sanctions imposed on Iran increased and reached a complete commercial embargo in 1995.
Later in 2006, the United Nations entered the line of sanctions, as the UN Security Council ordered all its member states to “prevent the supply, sale or transfer of all materials, equipment, goods and technology that may contribute to activities related to enrichment or heavy water.”
The situation remained the same until Obama was elected US president and the Lausanne conference was held in an attempt to reach a settlement guaranteeing the peaceful aspect of the Iranian nuclear program and lifting all forms of sanctions previously imposed on the country.
The agreement did not last long, as in 2016 and with the election of Donald Trump as president, the latter quickly fulfilled his campaign promises of reimposing the sanctions. He even went beyond that and attempted to isolate Iran, while threatening all European companies to impose sanctions against them too if they continue dealing with Iran.
For more details, watch the full report in the video above