Trump announces new sanctions on Iran

Executive order outlines new steps to deny Iran revenue from steel, aluminum, iron and copper sectors.

Arutz Sheva Staff ,

Donald Trump
Donald Trump
Reuters

Trump announced Wednesday he is imposing new sanctions on Iranian industrial metal sectors.

"It remains the policy of the United States to deny Iran all paths to both a nuclear weapon and intercontinental ballistic missiles, and to counter the totality of Iran's malign influence in the Middle East," Trump wrote in an executive order.

"It is also the policy of the United States to deny the Iranian government revenue, including revenue derived from the export of products from Iran's iron, steel, aluminum, and copper sectors, that may be used to provide funding and support for the proliferation of weapons of mass destruction, terrorist groups and networks, campaigns of regional aggression, and military expansion."

As such, Trump announced new sanctions on Iran's iron, steel, aluminum, and copper sectors.

"Over the last month, the United States has taken several steps to increase the effectiveness of our campaign," Trump said in a statement. "We designated the Islamic Revolutionary Guard Corps as a Foreign Terrorist Organization and increased the pressure on Iran ten-fold through full application of United States sanctions on Iranian oil exports. Today’s action targets Iran’s revenue from the export of industrial metals—10 percent of its export economy—and puts other nations on notice that allowing Iranian steel and other metals into your ports will no longer be tolerated.

"Tehran can expect further actions unless it fundamentally alters its conduct. Since our exit from the Iran deal, which is broken beyond repair, the United States has put forward 12 conditions that offer the basis of a comprehensive agreement with Iran. I look forward to someday meeting with the leaders of Iran in order to work out an agreement and, very importantly, taking steps to give Iran the future it deserves."




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