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US targets Iran's metals for sanctions

Credit: Reuters Studio
Published on May 8, 2019 - Duration: 01:27s

US targets Iran's metals for sanctions

U.S. President Donald Trump on Wednesday imposed new sanctions on Iran, targeting revenue from its exports of industrial metals, the latest salvo in tensions between Washington and Tehran over a 2015 international accord curbing the Islamic Republic's nuclear program.

Nathan Frandino has more.

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US targets Iran's metals for sanctions

Exactly one year after he pulled the U.S. out of a landmark nuclear deal with Iran, President Donald Trump on Wednesday slapped Iran with a NEW round of SANCTIONS, as tensions flared over what U.S. officials said were credible Iranian threats against U.S. forces.

The new sanctions target revenue from Iran's metal exports such as iron and steel and follow earlier U.S. moves to cut the nation's crucial oil profits.

U.S. officials say they want to force the Islamic republic to the negotiating table and hammer out a more comprehensive deal to curb not only Iran's nuclear aims but its ambitions in the region.

The move comes hours after Tehran said it would ease restraints on its nuclear program but without violating the original deal, which U.S. allies still support.

Iranian President Hassan Rouhani said Tehran would go further if countries did not shield it from the sanctions.

A senior White House official vowed additional economic curbs "very soon" and also warned European countries against circumventing U.S. sanctions.

The back-and-forth also comes after the U.S. announced the deployment of a carrier strike group and bombers to the region to confront what officials said were "troubling indications and warnings" from Iran.

A move Iranians have dismissed as psychological warfare.

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