Friday, 17 May 2024

U.S. hits Iran with new economic sanctions citing ‘terrorist activities’

The United States placed additional economic sanctions on Iran Friday amid escalating tensions between the two countries.

U.S. Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin made the announcement at a press conference, citing Iran’s “terrorist activities” as the reason for sanctions.

Mnuchin said U.S. 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.

The new sanctions will also target eight senior Iranian officials.

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