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Saturday, February 4, 2017

U.S. announces new sanctions on Iran

President Donald Trump's administration on Friday enacted new sanctions on Iran, in response to the Islamic Republic’s latest ballistic missile test.

According to CNN, the Treasury Department said it was applying sanctions on 25 individuals and companies connected to Iran's ballistic missile program and those providing support to Iran's Islamic Revolutionary Guard Corps' Qods Force.

That included three separate networks linked to supporting the missile program.
Other entities that were targeted include trading networks associated with Iran's missile program and a network accused of providing cash transfers to Hezbollah, Iran’s Lebanon-based terror proxy.

The new sanctions are designed not to impede upon the Iran nuclear deal, which the U.S. and five other world powers signed with Tehran during President Barack Obama's tenure.

Administration officials said Friday the new round of sanctions does not affect any individual or firm that had sanctions lifted as part of the nuclear accord. The officials said that new deals between American companies and Iran, like an agreement with Boeing for a new fleet of jets, were not likely to be affected by the sanctions.

Fox News revealed earlier this week that the Islamic Republic conducted a ballistic missile test on Sunday at a well-known test site outside the city of Semnan, approximately 140 miles east of Tehran. READ MORE