JERUSALEM, Israel – France, the U.K., and Germany began a process on Thursday to reimpose "snapback" sanctions on Iran because of its nuclear violations. The sanctions take aim at an already struggling Iranian economy.
The three countries accuse Iran of violating the 2015 nuclear deal. The move starts 30 days of negotiations before the sanctions begin. Iran could face penalties affecting banking, travel, arms sales, and Tehran's ballistic missile program.
The regime said it's ready to resume "fair" negotiations, but also threatened to retaliate.
Iranian Deputy Foreign Minister Kazem Gharibabadi stated, "We have told them if this happens, the pathway we have opened with the IAEA (International Atomic Energy Agency) will be completely affected and will likely be stopped."
The announcemen