by Christopher W. Holton
On March 20, the U.S. imposed more sanctions on Iran in response to rocket attacks on two bases in Iraq that housed US troops — targeting Iran’s financial system and Iran’s metals and iron industry.
“I’m holding the Iranian regime liable for attacks towards United States personnel and pursuits by denying it substantial income which may be used to fund and assist its nuclear program, missile improvement, terrorism and terrorist proxy networks, and malign regional affect,” said President Trump. “This order could have a serious influence on the Iranian financial system, authorizing highly effective secondary sanctions on overseas monetary establishments.”
The new sanctions include the imposition of extra sanctions towards any person owning, working, buying and selling with or aiding sectors of the Iranian financial system together with building, manufacturing, textiles and mining activities, including 17 sanctions against Iran’s metal and iron producers.