economic sanctions

There is also uncertainty about what economic sanctions against Russia would be lifted and when, and under what circumstances.

Donald Trump pulled the US out of a previous nuclear agreement between Iran and world powers in 2018, and reinstated economic sanctions, angering Iran.

The UN, US and EU imposed extensive economic sanctions on Iran from 2010, over suspicions that its nuclear programme was being used to develop a bomb.

Under its provisions, Iran would limit its nuclear ambitions - and allow in international inspectors - in return for getting economic sanctions lifted.

Venezuela’s oil trades have slowed down as a result, and it seems unlikely that most nations other than China, Cuba, and Iran will be affected come Thursday; those three in particular already have to deal with various economic sanctions from the U.S.