US Treasury Secretary Janet Yellen announced on Tuesday, Apr. 16, the forthcoming imposition of fresh sanctions on Iran following the country's launch of numerous drones and missiles at Israel during the weekend, according to CNBC.
Yellen emphasized the Treasury's commitment to collaborating with allies to disrupt Iran's destabilizing activities and counter malign behavior. These measures are being considered in response to Iran's retaliatory attack after an Israeli strike on an Iranian consulate in Syria earlier this month.
Amid the ongoing tensions in the region, the US expressed readiness to utilize economic tools to address Iran's aggressive actions.
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While specific details of the sanctions were not disclosed, Yellen hinted at potential measures targeting Iran's oil exports, which could further restrict Tehran's economic activities.
"Clearly, Iran is continuing to export some oil. There may be more that we could do. I don't want to preview our actual sanctions activities, but certainly that remains in focus as a possible area that we could address," Yellen remarked.
Yellen states that the Treasury is important in deterring Iran, but she also cited President Joe Biden and the administration's broader diplomatic efforts. She also expressed concern over Iran's actions, citing threats to regional stability and the potential for economic ramifications, from the recent attack to the Houthi assaults in the Red Sea.
Should Iran's oil export sanction continue, it will not be the first move against Iran. VCPost earlier reported that major Arab airlines had already canceled flights from and to Iran after their attack on Israel.
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