Trump said the U.S. is imposing sanctions 'at the highest level' on Iran's central banking system over Tehran’s alleged involvement in drone attacks on Saudi oil facilities. Mnuchin said the sanctions are on top of oil and financial institution sanctions
President Donald Trump on Friday shared details of his administration’s newest sanctions on Iran, targeting the Islamic Republic's national bank over Tehran’s alleged involvement in a series of drone attacks on Saudi oil facilities last weekend.
The latest sanctions layer on top of a slew of other penalties the Trump administration has imposed and reimposed as a result of Trump’s unilateral withdrawal from a 2015 nuclear deal with Iran and other world powers. The existing sanctions have already targeted Iran’s oil exports, its metal and mining industries and its ability to receive financing from international banks. Tehran has repeatedly likened the sanctions to “economic warfare.
By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time. The drone strikes, which took place overnight last Saturday, disrupted half of Saudi Arabia’s oil supply and the daily equivalent of 5 percent of the world’s oil supply. Iranian-backed Houthi rebels in neighboring Yemen have maintained that they are responsible for the strikes, though some U.S. officials, like Secretary of State Mike Pompeo, have blamed Iran for the attacks from the outset.
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