Treasury Sec. Steven Mnuchin pledges to increase economic sanctions against Iran, claiming the administration's 'maximum pressure campaign' is halting Iranian aggression.
U.S. Treasury Secretary Steven Mnuchin pledged Monday to increase sanctions against Iran, saying the Trump administration's"maximum pressure campaign" is halting alleged Iranian aggression in the Middle East.
At a joint press conference, Netanyahu said Iran's ability to project power in the region"is diminished to the extent that you can tighten your sanctions and make the availability of cash more difficult for them." Mnuchin said American sanctions seek to counter the threats Iran poses in the region, and that the administration"will continue to ramp up more, more, more." He gave no indication of what form those new sanctions might take or when they could materialize.
The sanctions limit Iran's ability to sell oil abroad and have crippled the country's economy. In response, Iran announced earlier this year that it would no longer comply with the nuclear deal's restrictions.
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