Trump Signs Executive Order Delivering ‘Hard-Hitting’ Sanctions Against Iran

President Trump struck back Monday at Iran by issuing “hard-hitting” financial sanctions against Supreme Leader Ayatollah Ali Khamenei and his associates.

“Today’s action follows a series of aggressive behaviors by the Iranian regime in recent weeks including shooting down a U.S. drone,” the president said in the Oval Office, calling Khamenei “responsible for the hostile conduct of the regime.”

Trump said the sanctions “will deny the supreme leader and the supreme leader’s office and those closely affiliated with him and the office access to key financial resources and support.” Speaking to reporters in the White House briefing room Monday, Treasury Secretary Steven Mnuchin said the sanctions “lock up literally billions of dollars more of assets.”

“Along with that action today, we are also announcing specific actions targeting those responsible for recent activities,” Mnuchin said, adding that the president has instructed him to sanction Iran’s Foreign Minister Javad Zarif “later this week.”

The Treasury Department, in a news release, said “any foreign financial institution that knowingly facilitates a significant financial transaction for entities designated under this Executive Order could be cut off from the U.S. financial system.”

Justice Department sues Fulton County to obtain records related to 2020 election

EXCLUSIVE: Inside Trump’s private schedule as media fixates on his health

Obese man on death row chooses buffet of BBQ, wings, cheeseburger, pizza, ice cream for last meal in Georgia

Florida influencer, 41, accused of inappropriately touching, exposing herself to teenage son’s friend

Republican House leader signals plan to begin contempt proceedings against Bill and Hillary Clinton

Watch: Tim Walz Tries to Make Somali Fraud Scandal Seem Perfectly Normal, Blames Trump for Talking About It

Elon Musk Sets Newsom Straight on ‘Trans Kids’ After Governor’s Office Attacks Musk’s Family

James Carville Criticizes Jasmine Crockett’s Senate Bid, Says She’s Too Self-Centered to Win

Fox News Politics Newsletter: Omar accused of opening door to massive Minneapolis fraud

Gabbard blasts Democrat Bennie Thompson for calling National Guard shooting an ‘unfortunate accident’

FDA Set to Give COVID Vaccines Serious ‘Black Box’ Designation: Report

House GOP unveils healthcare plan ahead of vote next week as cost hike looms for millions

Cruz says Rep Ilhan Omar could face jail time, deportation if marriage allegation proves true

DOJ asks appeals court to halt Boasberg’s contempt hearing next week

‘Incompetence or dereliction’: Minnesota lawmaker rips Tim Walz as state fraud losses mount

Amid the newly announced sanctions, Fox News has confirmed that the U.S. military also carried out a cyberattack against Iran last Thursday even as the president nixed plans for airstrikes in response to the downing of an American drone.

Sources said U.S. Cyber Command launched the cyberattack targeting the Iranian intelligence and radar installations used to down the U.S. Navy drone last week.

Fox News has learned Iran shut off some of its military radar sites around the time the U.S. was poised to launch retaliatory strikes. It’s not clear if those radar sites were turned off by the cyberattack or if Iran shut them off deliberately in anticipation of this.

Yahoo! News first reported on the retaliatory cyber strike. It came as the White House and Pentagon were also considering military strikes, but Trump revealed last Friday that he called them off after learning up to 150 Iranians could be killed.