US Imposes New Sanctions on Iran

U.S. Treasury Secretary Steven Mnuchin said President Donald Trump will issue an executive order imposing sanctions on anyone involved in the Iranian textile, construction, manufacturing or mining sectors. The U.S. also will impose separate sanctions against the steel and iron sectors.

The Trump administration on Friday announced a new wave of sanctions on Iran following this week’s missile strikes by the Islamic Republic on U.S. bases in Iraq. Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin said the new sanctions will target eight senior Iranian officials involved in “destabilizing” activities in the Middle East as well as Tuesday’s missile strike, which came in retaliation for the U.S. killing of a senior Iranian general in a drone strike.

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.