POST Online Media Lite Edition


U.S. imposes new sanctions on Iran

Christian Fernsby |
The United States is announcing new sanctions on Iran as tensions escalate between Washington and Tehran.

Article continues below

President Donald Trump issued an executive order announced new sanctions targeting Iran’s steel, aluminum, copper and iron sectors, which provide foreign currency earnings for Iran’s crippled economy.

"By the authority vested in me as President by the Constitution and the laws of the United States of America...

"All property and interests in property that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person of the following persons are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in: any person determined by the Secretary of the Treasury, in consultation with the Secretary of State:

"to be operating in the iron, steel, aluminum, or copper sector of Iran, or to be a person that owns, controls, or operates an entity that is part of the iron, steel, aluminum, or copper sector of Iran," DonaldTrump signed.

What to read next

Trump threatens tougher than ever sanctions on Iran
Iran can weather U.S. sanctions, says foreign minister
Arrogance: U.S. orders allies to cease Iran oil imports by November