New Sanctions on Iran

New Sanctions on Iran

( — On Friday, January 10th, Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo announced new sanctions on Iran.

The new sanctions affect Iran’s metal exports and eight of Iran’s senior officials who were involved in the recent attack on a military base in Iraq that houses US soldiers.

During the press conference, Mnuchin said:

“The economic sanctions are working. If we didn’t have these sanctions in place, literally Iran would have tens of billions of dollars. They would be using that for terrorist activities throughout the region,” adding “There is no question that by cutting off the economics to the regime we are having an impact.”

President Trump also issued a statement after the press conference, stating that “The United States will continue to counter the Iranian regime’s destructive and destabilizing behavior. These punishing economic sanctions will remain until the Iranian regime changes its behavior. The United States is ready to embrace peace with all who seek it.”

So far, Iran has not responded to the new sanctions.

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