On Thursday, Iran blasted the new bans and said it would retaliate by adding nine USA individuals and corporations to its own sanctions list over human rights violations within the United States. During his presidential campaign, the U.S. leader repeatedly called the accord with Iran "the worst deal ever", and Vice President Mike Pence threatened to rip it up.
Under the 2015 deal, sanctions punishing Iran for its nuclear programme were waived in exchange for Tehran's commitment to roll back the programme. The State Department also released its semi-annual report on human rights violations in Iran, as required by law.
Trump administration officials say the White House is carrying out a comprehensive review of US policy on Iran, which is focused on what officials consider Tehran's expanding influence in the region.
Washington has maintained a raft of other sanctions related to human rights and the missile programme that continue to stifle Iran's efforts to rebuild its foreign trade.
But for now, Trump seems to be abiding by the Iran deal. Nephew made the remarks in a call hosted by Diplomacy Works, a new organization of former USA diplomats and policymakers, mostly Democrats, formed to defend the deal.
But the USA will also impose new economic penalties related to the country's missile work.
The decision comes before a Friday presidential election in Iran, in which moderate President Hassan Rouhani is fighting for a second term against hardline cleric Ebrahim Raisi, who has called for a tougher stance against the West.
The Trump administration will continue nuclear sanctions relief for Iran, keeping in place the Obama-era nuclear deal.
The Iranian foreign ministry statement underlined that the Islamic Republic's missile program does not violate any of Iran's worldwide commitments as well as the 2231 resolution of UN.
Under the 2015 deal, the USA and other world powers eased economic sanctions after the United Nations International Atomic Energy Agency (IAEA) confirmed that Iran took steps to pull its nuclear program back from the brink of weapons capability. "Above all, the United States will never allow the regime in Iran to acquire a nuclear weapon".
"The Trump administration also has targeted Chinese national OFAC designated Chinese national Ruan Runling and three associated Chinese companies for proliferation activities in support of a key designated Iranian defense entity", according to the Treasury Department.
Shortly before Trump's January 20 inauguration, Kerry said the nuclear accord was one of Obama's policy victories and warned Trump that canceling it would harm the U.S. in an irreparable way.