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Thursday, May 25, 2017

U.S. planning to boost sanctions on Iran

The U.S. Treasury is reviewing licenses for Boeing Co and Airbus to sell aircraft to Iran and will increase sanctions pressure on Iran, Syria and North Korea, department head Steven Mnuchin said on Wednesday, according to Reuters.
 
"We will use everything within our power to put additional sanctions on Iran, Syria and North Korea to protect American lives," Mnuchin told the House Ways and Means Committee, adding, "I can assure you that's a big focus of mine and I discuss it with the president."
 
Mnuchin did not elaborate on the review of the licenses, which were issued under a 2015 agreement between Tehran and world powers to lift sanctions in return for curbs on Iran's nuclear activities.
 
During the election campaign, President Donald Trump was highly critical of the Iran nuclear deal which was signed under the Obama administration, saying it was “disastrous” and pledging to annul it.
 
After he was sworn in as President, Trump described the nuclear deal as “the worst deal I’ve ever seen negotiated” and accused the Islamic Republic of “disrespecting” the United States because of the deal. READ MORE