Alghadeer TV Alghadeer TV
The Trump administration on Friday announced a new wave of sanctions on Iran following this week’s missile strikes by the Islamic Republic on US bases in Iraq.
Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin said the new sanctions will target eight senior Iranian officials.
Mnuchin said President Donald Trump will issue an executive order imposing sanctions on anyone involved in the Iranian textile, construction, manufacturing or mining sectors.
They will also impose separate sanctions against the steel and iron sectors.
“As a result of these actions we will cut off billions of dollars of support to the Iranian regime,” the treasury secretary said.
The administration has already reinstated all the U.S. sanctions that were eased under the 2015 nuclear deal, which has caused significant economic hardship in Iran and cut its oil exports to historic lows.
