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Iranian President Hassan Rouhani (right) and Iranian Foreign Minister Javad Zarif. Photo: Iranian Presidency/Handout/Anadolu Agency via Getty Images

Iran received five airplanes from French-Italian manufacturer ATR on Sunday — one day before some of the sanctions stemming from the United States' withdrawal from the Iran nuclear deal are set to resume, reports CNBC.

The big picture: Secretary of State Mike Pompeo recently rejected a European appeal for sanctions exemptions for firms doing business with Iran, including ATR, meaning this shipment could be one of the last benefits that Iran sees under the nuclear deal. Sanctions on automobiles and precious metals will begin tomorrow, while sanctions on the energy, shipping and financial sectors are due to be restored on November 4.

  • A period of great economic and political uncertainty is underway in Iran, where many have taken to the street in recent weeks to protest high prices and the Rouhani regime, according to the The New York Times.
  • Iran has also stepped up its military drills in the Persian Gulf this week, stating they were designed to "confront threats and potential adventurous acts of enemies," per Reuters. U.S. officials believe the drills were a show of force ahead of the sanctions' reimposition.
  • President Trump has repeatedly expressed his willingness in recent days to meet with top Iranian officials, which they roundly rejected, calling his suggestion a "humiliation" after the nuclear deal withdrawal.

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1 p.m. the day after the article is transmitted.

Dan Primack, author of Pro Rata
1 hour ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.