The U.S. is imposing "additional sanctions" on Iran "as a result of the attack on U.S. and allied troops," Treasury Secretary Steven Mnuchin announced Friday.
The new round of sanctions imposed via executive order will target individuals working with "sectors of the Iranian economy including construction, manufacturing, textiles, and mining," Mnuchin said. More sanctions will go after "Iran's largest steel and iron manufacturers," as well as Iranian senior officials who assisted in a recent missile attack. These sanctions will continue "until Iran stops its terrorist activities and commits that it will never have nuclear weapons," Mnuchin continued.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
6 charming homes in Rhode IslandFeature Featuring an award-winning home on Block Island and a casket-making-company-turned-condo in Providence
-
Team Trump brings the MAGA playbook to Albania's electionsTODAY'S BIG QUESTION The architects of the president's 2024 victory are looking east to extend their populist reach
-
Narco subs are helping fuel a global cocaine surgeThe Explainer Drug smugglers are increasingly relying on underwater travel to hide from law enforcement
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
