The metals industry is a major employer and a rare bright spot for Iran's anemic economy. Supporters of the deal describe it as an important measure freezing Iran's nuclear program while offering a step toward further negotiations. And we have stopped issuing oil waivers to those who import Iranian oil, which means zeroing out the purchases of Iranian crude." Tehran-based economic analyst Gholamreza Kiamenhr said he believed that the sanctions on the metals industry "possibly affects employment and production lines," although it won't be as crippling as those on Iran's oil industry. It's also weakening the position of Iranian President Hassan Rouhani, the relatively moderate cleric whose signature accomplishment was the nuclear deal.

Source: Fox News May 09, 2019 16:52 UTC