U.S. sanctions Iran's Central Bank

  • Saturday 21, September 2019 11:41 AM
  • U.S. sanctions Iran's Central Bank
Sharjah24 – Reuters: The United States on Friday imposed another round of sanctions on Tehran, including on Iran's central bank and a development fund, following last week's attack on oil facilities in Saudi Arabia that Riyadh and Washington have blamed on Iran.
U.S. President Donald Trump outlined the action to reporters at the White House on Friday after first announcing his plan for further sanctions earlier this week on Twitter.

The sanctions target the Central Bank of Iran, the National Development Fund of Iran and Etemad Tejarate Pars Co, an Iranian company that U.S. officials said is used to conceal financial transfers for Iranian military purchases, the U.S. Treasury Department said in a statement.

Given previous U.S. efforts to cut off funds to Iran, it was not immediately clear how much more impact the latest sanctions would have.

Asked about the possibility of a military response on Iran, Trump said the United States was always prepared and that a military strike was always a possibility. Friday's action is the "highest level of sanctions," Trump said.