- The Washington Times - Friday, January 10, 2020

Top Trump officials announced fresh sanctions against Iran and its leaders Friday to punish Tehran’s economy and officials who launched missile attacks at U.S. military bases this week.

Treasury Secretary Steven T. Mnuchin said President Trump signed an executive order authorizing sanctions against people trading with certain sectors of the Iranian economy.

The new sanctions also target Iran’s steel and iron industries, and eight senior Iranian officials involved in Tuesday’s missile strikes.


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The president had announced his intention to impose tougher sanctions on Iran instead of taking further military action, mainly because the missiles caused no U.S. casualties.

“As a result of these actions, we will cut off billions of dollars of support to the Iranian regime,” Mr. Mnuchin said. “Today’s sanctions are part of our commitment to stop the Iranian regime’s global terrorist activities.”



Mr. Trump’s executive order freezes any U.S. assets of people doing business with Iran’s construction, mining, manufacturing or textile sectors.

“It is the policy of the United States to deny the Iranian government revenues, including revenues derived from the export of products from key sectors of Iran’s economy, that may be used to fund and support its nuclear program, missile development, terrorism and terrorist proxy networks, and malign regional influence,” Mr. Trump said in the order.

In a statement, the president said he is “holding the Iranian regime responsible for attacks against United States personnel and interests by denying it substantial revenue that may be used to fund and support its nuclear program, missile development, terrorism and terrorist proxy networks, and malign regional influence.”

“This order will have a major impact on the Iranian economy, authorizing powerful secondary sanctions on foreign financial institutions,” Mr. Trump said. “Iran continues to be the world’s leading sponsor of terrorism.”

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