On November 5, 2018, the United States re-imposed all sanctions on Iran that had been lifted or waived under the Joint Comprehensive Plan of Action (JCPOA). The Treasury Department stated that November 4 marked the last day of the 180-day wind-down period after the president announced the U.S. withdrawal from the JCPOA on May 8, 2018. The Treasury Department noted that the sanctions “will target critical sectors of Iran’s economy, such as the energy, shipping and shipbuilding, and financial sectors” and that as part of the re-imposition “OFAC sanctioned more than 700 individuals, entities, aircraft, and vessels.” In its press release about the sanctions, the State Department stated that “all nuclear cooperation with Iran, except for the limited activities for which waivers are being granted, will be sanctionable” and that they are not issuing waivers for new civil nuclear projects with Iran.