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A recap of the day s headlines and a look at what s in store for tomorrow. dealing in u.s. dollars, currency abroad, business and precious metals, aluminum, steel and coal. and that s only phase one. in less than three months the administration hits iran s oil production and banking sector. shannon: thank you very much. those new sanctions kick in against iran at 12 oh one eastern time. lindsey graham, member of the senate armed services committee joins us now to dig in further. the sanctions kick in and iran is complain about it, senator. strong message is not just for them but also for our allies. the united states is fully committed to enforcing all of our sanctions and we will work closely with nations conducting business with iran to ensure complete complaints. individuals or entities that fail to wind down activities with our brand with severe consequences. who is that for? that s for anyone, particularly the iranians that prop up the ayatollah. they ve made the deci ....
an offer of talks or 7 more economic pain, part of the trump administration s maximum pressure campaign as north korea calls on the white house to drop sanctions over its nuclear weapons program. richardson has more. reporter: in an hour the trump administration is exiting the iran nuclear deal. that is when the united states restores sanctions against iran that it lifted under the obama administration as part of the nuclear agreement. officials say the sanctions are designed to constrict the revenue iran uses to fund, quote, terrorists, dictators and militias around the region, the national security adviser denies the trump administration s goal is the collapse of the iranian government. our policy is not regime change but we want to put unprecedented pressure on the government of iran to change its behavior and they have shown no indication they are prepared to do that. the president made it clear that he views the iran nuclear deal is one of the worst in american diplomatic ....
be asking themselves regardless of the nuclear deal, why do you want to do business with the world s largest financer of international terrorism? bill: benjamin hall has more. that story live in london. good morning, bill. what these sanctions do are give companies two options. one to deal with the multi-trillion economy of the u.s. or to deal with iran. what we ve seen overnight is companies choosing to deal with the u.s. despite european countries trying to force them in other directions. president trump tweeted this morning saying the iran sanctions have officially been cast. these are the most biting sanctions ever imposed and in november they ratchet up to yet another level. anyone doing business with iran will not be doing business with the united states. i m asking for world peace, nothing less. and the response was quick. just in the last few hours the french oil giant has said it will quit its multi-billion the door was open for negotiations. iranians refused. bil ....