US announces new sanctions on Iran after missile strikes on American bases, targets senior officials and key industries

  • The US government announced a new wave of sanctions on Iran, targetting eight senior Iranian officials

  • US treasury secretary Steven Mnuchin said that these officials are involved in 'destabilising' activities in West Asia

  • The US govt will also impose separate sanctions cutting off billions of dollars of support to the Iranian regime, Mnuchin added

Washington: The Trump administration on Friday announced a new wave of sanctions on Iran following this week's missile strikes by the Islamic Republic on US bases in Iraq.

 US announces new sanctions on Iran after missile strikes on American bases, targets senior officials and key industries

File image of Treasury Secretary Steve Mnuchin. AP

Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin said the new sanctions will target eight senior Iranian officials involved in "destabilising" activities in West Asia as well as Tuesday's missile strike, which came in retaliation for the US killing of a senior Iranian general in a drone strike.

Mnuchin said President Donald Trump will issue an executive order imposing sanctions on anyone involved in the Iranian textile, construction, manufacturing or mining sectors.

They will also impose separate sanctions against the steel and iron sectors.

"As a result of these actions we will cut off billions of dollars of support to the Iranian regime," the treasury secretary said.

The administration has already reinstated all the US sanctions that were eased under the 2015 nuclear deal, which has caused significant economic hardship in Iran and cut its oil exports to historic lows.

Iran this week launched the strikes in retaliation for the US drone strike that killed Revolutionary Guard Gen. Qassem Soleimani, the country's most powerful commander, in Baghdad last week.

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Updated Date: Jan 11, 2020 00:04:38 IST