Trump orders substantial increase of sanctions on Iran
President Donald Trump on Wednesday announced what he said would be substantial new sanctions against Iran in the first response to what US officials say was likely Iranian involvement in an attack on Saudi oil facilities.
"I have just instructed the Secretary of the Treasury to substantially increase Sanctions on the country of Iran!" Trump said in a tweet.
The United States already enforces widespread sanctions that have crippled Iran's economy, including attempting to shut down its major oil export industry.
It was not immediately clear what steps the president directed Treasury Secretary Steven Mnuchin to take.
Trump’s announcement follows strikes Saturday on the world’s largest crude-processing plant and oil field in Saudi Arabia. The U.S. accused Iran of carrying out the attacks.
The strikes triggered the largest spike in crude prices in decades and renewed concerns of a budding conflict in the Middle East. All the while, Iran maintains that it was not behind the attacks.
Author Profile
Monika Walker is a senior journalist specializing in regional and international politics, offering in-depth analysis on governance, diplomacy, and key global developments. With a degree in International Journalism, she is dedicated to amplifying underrepresented voices through factual reporting. She also covers world news across every genre, providing readers with balanced and timely insights that connect the Caribbean to global conversations.
Latest
- Construction worker charged with possession of prohibited we...
-
Three Trinidad police officers charged with $6,000 bribery s... -
Two motorcyclists killed in head-on collision on Bussu Lane,... -
Tobago sees alarming drop in birth rate, declines from 1,000... -
Belize City Tragedy: 4-year-old Kyra Bennett dies in Arlingt...
