US and UK issue new sanctions on Iran in response to Tehran’s weekend attack on Israel

WASHINGTON (AP) — The U.S. and U.K. on Thursday imposed a new round of sanctions on Iran as concern grows that Tehran’s unprecedented attack on Israel could fuel a wider war in the Middle East.

The sanctions were meant to hold Iran accountable for its weekend attack and to deter further such activity. But the practical impact is likely to be limited because many of the targeted companies already were subject to U.S. sanctions and the individuals singled out for new sanctions are unlikely to have assets in U.S. jurisdictions.

Treasury’s Office of Foreign Assets Control targeted 16 people and two entities in Iran that produce engines that power the drones

→ Continue reading at The Associated Press

Similar Articles

Advertisment

Most Popular