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A brand-new ATR PLANE lands in Urmia, northwestern Iran. Five of the this European model arrived over the weekend, meaning Iran has received 13 of the 20 it ordered from the French-Italian manufacturer last year. This just XXXX before US sanctions snap back into effect, cutting off sales of US and European aircraft. The punitive measures b eing reimposed this week also cover Iranian trade in the US dollar, rial transactions outside Iran, and tradev automobiles and metals, including gold. US imports of Iranian products such as carpets and pistachios are banned. More significant sanctions - targeting Iran''s oil sector and central bank - are set to be restored in November. It''s a unilateral move by Washington, but with worldwide consequences. A ban on Iran''s dealings in the US dollar, as well as on trading in the Iranian currency outside it, would make it next to impossible for any foreign firms to do business with Tehran. European companies like Danish shipping giant Maersk and German insurer Allianz are winding down their business in Iran. Automakers are divided: While Peugeot PSA is suspending its activities there, Renault, Daimler and Volkswagen are planning to keep them up. The prospect of US sanctions have caused a run on the Iranian currency. The rial has lost half of its value since April... the Iranian authorities are reversing an earlier decision to restrict foreign currency transactions, to try and halt the rial''s collapse .

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