Photo: Rick Loomis/Getty Images

The first half of the Trump administration's new Iran sanctions strategy will kick in on Monday, restoring sanctions on any entity trading with Iran in gold, steel, aluminum, coal and other minerals and metals. The Trump administration will also restore sanctions on the Iranian automotive industry and on the issuing of Iranian debt or "significant" trade in Iranian currency.

Why this matters: Trump is moving ahead with his Iranian version of "maximum pressure" — though the end game, beyond a hope of unprecedented behavior change or regime collapse, remains unclear. These sanctions represent the first substantive move by the Trump administration after its May 8 withdrawal from the Iran nuclear deal.

  • Trump is applying extreme stress to the Iranian economy, large European companies have been leaving Iran, and the value of the Iranian rial has been falling.

What's next? Behnam Ben Taleblu, an Iran expert at the Foundation for Defense of Democracies told me: "Reimposing these sanctions is the first step towards tightening the noose on Tehran, putting the regime to a choice between continuing its malign activities or improving its economy..."

  • "These penalties will lay the groundwork for heavier sanctions, such as oil sanctions, which will return in early November."

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Updated 37 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 31,778,331 — Total deaths: 974,436 — Total recoveries: 21,876,025Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 6,943,078 — Total deaths: 201,930 — Total recoveries: 2,670,256 — Total tests: 97,459,742Map.
  3. Health: CDC director says over 90% of Americans have not yet been exposed to coronavirus — Supply shortages continue to plague testing.
  4. Politics: Missouri Gov. Mike Parson tests positive for coronavirus — Poll says 51% of Republicans trust Trump on coronavirus more than the CDC.
  5. Technology: The tech solutions of 2020 may be sapping our resolve to beat the coronavirus
  6. Vaccines: Johnson & Johnson begins large phase 3 trial — The FDA plans to toughen standards.
  7. Sports: Less travel is causing the NBA to see better basketball.
  8. Future: America's halfway coronavirus response

Biden: Breonna Taylor indictment "does not answer" call for justice

Former Vice President Joe Biden. Photo: Leigh Vogel/Getty Images

Former Vice President Joe Biden on Wednesday condemned the grand jury indictment of a Louisville police officer who entered Breonna Taylor's home in March in a botched drug raid that led to her death, saying in a statement the decision "does not answer" for equal justice.

The big picture: Biden called for reforms to address police use of force and no-knock warrants, while demanding a ban on chokeholds. He added that people "have a right to peacefully protest, but violence is never acceptable."

Trump refuses to commit to peaceful transfer of power if he loses

President Trump repeatedly refused to say on Wednesday whether he would commit to a peaceful transition of power if he loses the election to Joe Biden, saying at a press briefing: "We're going to have to see what happens."

The big picture: Trump has baselessly claimed on a number of occasions that the only way he will lose the election is if it's "rigged," claiming — without evidence — that mail-in ballots will result in widespread fraud. Earlier on Wednesday, the president said he wants to quickly confirm a replacement for Justice Ruth Bader Ginsburg because he believes the Supreme Court may have to decide the result of the election.

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