Skip to comments.Trump administration announces new sanctions on Iran
Posted on 01/10/2020 9:58:14 AM PST by jazusamo
Video at link.
The Trump administration announced new sanctions on Iran Friday targeting the countrys metals sector and several of its government leaders following Tehrans missile attacks on Iraqi bases housing U.S. troops earlier this week.
Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin held a press conference at the White House to detail the new measures, which President Trump promised were coming earlier in the week.
The new sanctions target the Iranian aluminum, copper, iron and steel industries. The U.S. is also sanctioning eight senior Iranian officials who were allegedly involved in Tuesdays missile attacks against U.S. forces in Iraq.
We are announcing additional sanctions on the Iranian regime as a result of the attack on U.S. and allied troops, Mnuchin said. Todays sanctions are part of our commitment to stop the Iranian regimes global terrorist activities.
The sanctions target the largest manufacturers of steel, aluminum, copper and iron in Iran, which combine to produce billions of dollars in annual revenue, the officials said. The U.S. will also sanction 17 Iranian metals producers and mining companies with Friday's measure.
In addition to the sanctions, Trump will sign an executive order that targets revenue sources the Iranian government relies on to fund its nuclear program and its proxy networks. The order gives additional leeway to Pompeo and Mnuchin to impose additional sanctions on other sectors of the Iranian economy, such as its mining and textiles industries.
The announcement came days after the U.S. and Iran appeared to ease back from the prospect of a military conflict following an exchange of strikes from each side.
Trump approved a strike last week that killed top Iranian Gen. Qassem Soleimani in Baghdad after an Iranian-backed group was blamed for attacks that killed a U.S. contractor. U.S. officials have remained tight-lipped about the intelligence that led to the Soleimani strike, but have insisted the general posed an urgent threat to Americans.
In response to Soleimanis death, Iran fired several missiles at two bases in Iraq that house U.S. forces and allied personnel. There were no casualties reported in the strikes, and Trump said the bases sustained limited damage.
Trump said in a Wednesday address to the nation that Iran appeared to be standing down and that he hoped for a peaceful resolution with Tehran. But in the meantime, he pledged to impose "punishing sanctions" over the missile strikes until Iran "changes its behavior."
The Trump administration has levied numerous sanctions on Tehran as part of its maximum pressure campaign against Iran that kicked off in earnest with the 2018 withdrawal from the Obama-era nuclear deal. Previous measures have targeted Irans supreme leader, its foreign minister and the countrys oil and metal industries in an effort to hamper the economy.
Mnuchin and Pompeo were adamant on Friday that the sanctions have been effective, even after the latest exchange of military strikes and even as Iran continues to exert influence in the Middle East.
I think we have 100 percent confidence and we are consistent in our view that the economic sanctions are working, Mnuchin said. That if we didnt 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 and to enable them to do more bad things.
Pompeo argued that the sanctions have cut off revenue streams, putting Iran in dire financial straits that have forced it to reconsider whether to back proxy groups or invest in nuclear ambitions.
This country has never been in the place theyve been today, he said. Theyve got real challenges in figuring out how to make difficult decisions.
Expecting from this response from the Liberal MSM — “Trump is such a meanie.”
Theyve gone from ass-kissing and billions and free money and covering tracks for them to complete an utter opposition and determination to end the evil mullahs regime once and for all!
got to love it
The Adulteress from MN will be very angry.
Trump announces them.
And the EU makes plans to bust them.
With allies like that, who needs enemies.
My thought also
Pictures of crying mothers and starving children with flies on their faces coming soon.
Dear mindless political bigots in the Fake News
Why has political unrest grown in Iran since the sanctions were imposes if they aren’t working
Why has Iran stepped up its bellicosity and terrorist activities attempting to provoke a war with the US if the sanctions are not working?
It this sort of absurdly infantile obvious partisan posturing in your “news” article that makes a growing number of Americans look at you clowns daily and laugh.
Freakin awesome, he does not waste a second!
I sure hope so, she and her treasonous squad will hopefully choke on it.
Well, they shouldn’t be allowed to have SAM’s until they can prove that they can use them properly.
Adultery is the very least of her sins/crimes.
Go ahead and cry, Mullahs. I love it.
Support Free Republic Folks, Donate Today!
The threat to this country from the MSM is imminent.
What happened to Obama’s promise that the $150 Billions was to have been distributed to all of Iran’s people?
No toilet paper for them. They will have to use sand by hand.
Cutting off the head of the snake, or stomping it until it dies, either way works
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.