EU Confirms It Reinstated Sanctions against Iran Including Oil

The sanctions included freezing the assets of the Iranian Central Bank and other Iranian banks, as well as travel bans on certain Iranian officials.

The European Union confirmed on Monday that it had reinstated sanctions against Iran, following a similar move against Iran by the United Nations.

"Today, the EU reinstated sanctions against Iran in response to its continued non-compliance with the nuclear agreement. The door for diplomatic negotiations remains open," said the EU presidency in a statement.

The EU said the sanctions included freezing the assets of the Iranian Central Bank and other Iranian banks, as well as travel bans on certain Iranian officials. The EU was also banning Iran's purchase and transportation of crude oil and the sale or supply of gold and certain naval equipment.

Reinstated arms embargo

On Sunday, the United Nations reinstated an arms embargo and other sanctions on Iran over its nuclear program following a process triggered by European powers that Tehran has warned will be met with a harsh response. Britain, France, and Germany initiated the return of sanctions on Iran at the UN Security Council over accusations it had violated a 2015 deal that aimed to stop it from developing a nuclear bomb. Iran denies seeking nuclear weapons. - Yahoo