The United States on Friday slapped new sanctions on Iran to cut off “billions of dollars” of support to the country as tensions continued. The sanctions target some of Iran’s export sectors and eight senior Iranian officials involved in “destabilising” the US’ activities in West Asia and a missile attack on two air bases in Iraq this week, the Donald Trump administration said.
Treasury Secretary Steven Mnuchin said the president will issue an executive order imposing sanctions on anyone involved in the textile, construction, manufacturing or mining sectors in Iran. There will be sanctions against the steel and iron sectors too. “As a result of these actions we will cut off billions of dollars of support to the Iranian regime,” said Mnuchin.