"US Treasury Announces Imminent Sanctions on Iran Following Middle East Escalation"
US Treasury Secretary Janet Yellen announced that the US plans to impose new sanctions on Iran in response to its attack on Israel, aiming to reduce Iran's capacity to export oil and disrupt its financing of militant groups. Yellen emphasized the need for global cooperation, including with China and G7 partners, to constrain Iran's access to resources for building weapons. The US is using financial sanctions to isolate Iran, disrupt its support for proxy groups, and counter its involvement in Russia's war in Ukraine. Yellen also highlighted the urgency of addressing Palestinian suffering in Gaza and the importance of supporting IMF programs in Jordan and Egypt.
- US to hit Iran with new sanctions in "coming days", Yellen says Reuters
- Middle East Crisis: U.S. Plans New Sanctions on Iran After Attack on Israel The New York Times
- Biden’s options for retaliating against Iran risk antagonizing China The Washington Post
- Israel says Iran launched more than 300 drones and missiles, 99% of which were intercepted The Associated Press
- Treasury Department plans to impose new sanctions on Iran after Israel attack CNBC
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