President Donald Trump on Friday announced new sanctions on Iran’s central bank, calling the measures the “highest” sanctions ever imposed on a foreign country by the United States. “We have just sanctioned the Iranian national bank,” Trump told reporters in the Oval Office, later clarifying that he was referring to the Iranian central bank. “These are the highest sanctions ever imposed on a country,” he said. Trump earlier this week announced what he said would be substantial new sanctions against Iran, in response to what US officials say was likely Iranian involvement in an attack on Saudi oil facilities.
The United States already enforces widespread sanctions that have crippled Iran’s economy, including attempting to shut down its major oil export industry. President Donald Trump has stepped up sanctions against Iran since last year when he exited a 2015 nuclear pact between Iran and six world powers and reimposed sanctions that were lifted under the deal in return for Iran curbing its nuclear program. In response, Iran has gradually scaled back its commitments to limit uranium enrichment activity under the pact and plans to further breach it if European signatories fail to keep their promises to shield Iran’s economy from US penalties.
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