Friday's announcement followed the president's October decision to stop short of killing the nuclear accord, which was brokered with Tehran by the Obama administration and other world powers.
President Trump announced Friday he would waive the sanctions against Iran for the "last time," giving the US and its European partners a 120-day deadline to strengthen the deal that prohibits Iran from developing a nuclear program in exchange for entrance into global commerce and banking.
The White House wants European Union signatories to agree permanent restrictions on Iran's uranium enrichment. The current one expires after a decade.
Trump and his top advisers have been negotiating with USA lawmakers on Capitol Hill to try to change sanctions legislation so that he does not face a deadline on whether to recertify Iranian compliance with the nuclear deal every 90 days.
It froze any assets he and the other individuals and entities on the list hold in the United States, and "generally prohibited" Americans from engaging in transactions with them.
How else did Iran react?"The Iranian people know this, which is one reason why so many have taken to the streets to express their outrage".
Iranian Foreign Minister Mohammad Javad Zarif responded, saying that the deal is not renegotiable and that Trump's stance amounts to "desperate attempts to undermine a solid multilateral agreement". Ben Cardin (D - Md.), respectively the Chairman and Ranking Member of the Senate Foreign Relations Committee, is deemed by critics as inadequately addressing concerns with the nuclear deal. It saw Iran agree to reduce uranium enrichment activity drastically, dispose of its enriched uranium stocks and modify a heavy water facility so it could not produce material suitable for a nuclear bomb.More news: Wrong woman killed in love triangle murder-for-hire plot, officials say
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In return, decades of global and United States nuclear-related sanctions were suspended.
The president wants Congress to modify a law that reviews U.S. participation in the nuclear deal to include "trigger points" that, if violated, would lead to the United States reimposing its sanctions, the official said. Trump wants the bans to be permanent.
President Trump on Friday faced a deadline on whether to kill the 2015 nuclear agreement negotiated by the Obama administration and five other nations, and reinstate the sanctions against the Islamic Republic, or keep it in place, despite the fact that he views as faulty and risky.
The White House faced a series of deadlines related to the deal on Friday, most importantly, whether to renew or terminate a waiver for sanctions on Iran's central bank and energy sector.
European capitals will also be dismayed, having pressed Washington to accept that the deal was an global agreement and that Iran has abided by its terms.
"In a background briefing with reporters, senior administration officials also warned that this will be [the] last such waiver, calling on a follow-up deal with Europeans and a legislative fix from Congress", The Hill reported.
Additionally, along with pushing the deal back to Congress, the President authorized the U.S. Treasury to impose sanctions on Iran's Revolutionary Guard Corps (IRGC), which he called a "corrupt personal terror force".
What have other countries said?
Deputy Foreign Minister Sergei Ryabkov said Moscow must unite with Europe and China and undertake "intense work" to keep the existing plan intact, and decried what he said was a United States attempt to strong-arm the situation.
He urged Iran to remain calm and continue to fulfil its obligations under the deal.
French President Emmanuel Macron emphasized the importance of abiding by the deal "in order to guarantee better stability in the Middle East", according to a readout of his telephone conversation with Trump on Thursday.