04/18/2024

U.S. Sanctions Target Iran’s Drone Production After Attack on Israel

Today, the Treasury Department announced new sanctions on Tehran

The Treasury Department on Thursday announced new sanctions on Iran in retaliation for its recent aerial attack against Israel, as the Biden administration seeks an economic rather than military response to Tehran.

Treasury Secretary Janet Yellen said the administration's actions would "degrade and disrupt" the Iranian drone program that targeted civilian populations in Israel. The sanctions also target Iranian steel production, a measure not taken by U.S. authorities since 2021. The United States has imposed sanctions on more than 600 Iranian-related entities over the past three years, according to the Treasury Department.

"Our actions make it harder and costlier at every turn for Iran to continue its destabilizing behavior," Yellen said in a statement. "We will continue to deploy our sanctions authority to counter Iran with further actions in the days and weeks ahead."

Please select this link to read the complete article from The Washington Post.