The Trump administration announced on Friday a series of new devastating sanctions against Iran which U.S. officials said would cut off billions of dollars from the Islamist terrorist regime.
The sanctions were announced by Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo during a press briefing at the White House and come in response to Iran’s latest attacks on U.S. forces in Iraq.
“First, the President is issuing an executive order authorizing the imposition of additional sanctions against any individual owning, operating, trading with, or assisting sectors of the Iranian economy, including construction, manufacturing, textiles, and mining,” Mnuchin began. “And let me be clear: These will be both primary and secondary sanctions. The EO also allows us to designate other sectors in the future as Secretary Pompeo and me think is appropriate.”
“Second, we are announcing 17 specific sanctions against Iran’s largest steel and iron manufacturers, three Seychelles-based entities, and a vessel involved in the transfer of products,” Mnuchin said. “As a result of these actions, we will cut off billions of dollars of support to the Iranian regime, and we will continue our enforcement of other entities.”
“Third, we are taking action against eight senior Iranian officials who advanced the regime’s destabilizing activity and were involved in Tuesday’s ballistic missile strike,” Mnuchin concluded. “Today’s sanctions are part of our commitment to stop the Iranian regime’s global terrorist activities. The President has been very clear: We will continue to apply economic sanctions until Iran stops its terrorist activities and commit that it will never have nuclear weapons.” (Read more from “Trump Announces New Sanctions Against Iran” HERE)