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media caption Trump signs legislation imposing new sanctions on Iran
A landmark law that will take US sanctions on Iran to new heights is due to take effect on Monday, a US official has said.
As president Donald Trump signed the new legislation, the US said it would take effect after a 90-day wind-down period.
The bill – which passed with overwhelming support in the US senate – has also been signed into law by the UK and France.
The US sanctions have hit Iran’s oil exports and cut its access to the global financial system.
The US president said he would veto the legislation if the US Congress wanted to revise it, arguing it would make it harder to negotiate a “real deal” with Tehran.
He has previously threatened to tear up the landmark 2015 nuclear deal between Iran and six major powers if it did not include adequate curbs on Tehran’s nuclear programme.
What are the new US sanctions?
Under the new legislation – the Iran Threat Reduction and Syria Human Rights Act (Ittrasa) – Iran’s oil exports are blocked and its trade in gold, silver, iron, steel, coal, copper and steel is curtailed.
It will make it illegal for the Central Bank of Iran to acquire US dollars unless approved by Congress.
The president will also be able to designate key Iranian individuals as “Specially Designated Global Terrorists” – which could lead to US sanctions being imposed.
Saudi Arabia’s ambassador to Washington, Prince Khalid bin Salman, said the law would “lead to a disaster” and called for a “special meeting of the UN security council”.