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Trump warns of more sanctions on Iran but not much is left for US to target

The new sanctions "will be a further effort to ensure that their capacity not only to grow their economy but to evade sanctions becomes more and more difficult," Pompeo said.

Bloomberg 

Donald Trump

President Donald threatened with additional sanctions on Monday, but there’s not much left for the to target because most of the Islamic Republic’s has been crippled by earlier penalties. The is already sanctioning significant sectors including oil, banks and steel, leaving smaller targets including certain exports and government officials. could also hit Iran’s central bank with secondary sanctions, at the risk of hurting humanitarian trade.

“The Donald administration has already hit most of Iran’s cash-earning exports and pushed the country into a deep recession this year,” said Peter Harrell, a fellow at the Center for New American Security, a Washington-based research group.

More than 80 per cent of Iran’s is under sanction today, US Secretary of State said late on Sunday before heading to Saudi Arabia and the United Arab Emirates to rally a front against

The new sanctions “will be a further effort to ensure that their capacity not only to grow their but to evade sanctions becomes more and more difficult,” Pompeo said.

First Published: Mon, June 24 2019. 23:27 IST
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