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White House delays imposing new sanctions on Iran - Wall Street Journal | Reuters

WASHINGTON The White House has delayed imposing new financial sanctions on Iran over its ballistic-missile programme, the Wall Street Journal reported on Thursday.

On Wednesday, the Journal, citing U.S. officials, said the Obama administration was preparing to sanction nearly a dozen companies and individuals in Iran, Hong Kong and the United Arab Emirates for their role in developing Iran's ballistic-missile programme.

The U.S. sanctions were expected to be formally announced this week, the newspaper said.

Sources familiar with the situation confirmed to Reuters that the United States was preparing sanctions.

Iranian President Hassan Rouhani ordered his defense minister on Thursday to expand Iran's missile programme, in defiance of the U.S. threat to impose sanctions over a missile test Iran carried out in October.

(Writing by Eric Beech; Editing by Bill Rigby)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Published Date: Jan 01, 2016 06:00 AM | Updated Date: Jan 01, 2016 06:00 AM

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