Finance International News Politics

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.”


WATCH: ‘The View’s Sunny Hostin Announces Lots of American Flags Make Her Feel Unsafe Because of ‘White Supremacy’
ICYMI: CNN Says Jon Ossoff’s 2028 Presidential Chances Are Better Than Josh Shapiro’s Because He Doesn’t ‘Read as Jewish’
Top Platner ally turns on him after bombshell rape allegation rocks campaign: ‘Red line’
Report warns Russia using shadow fleet to probe NATO drone defenses
WATCH: Muslim Goes Viral Shouting, ‘This Is the Islamic Republic of New Yorkistan… Mamdani’s New York,’ Claims ‘Islam Will Be in Every Household’
Bo Derek Rips COVID Vaccine Mandates in Bill Maher Interview: ‘That’s a Problem’
Smoke from record DC fireworks show triggered ‘Code Red’ air-quality alert
Resolute rest: Child dozes off against famous desk during Trump’s accounts speech
Israeli constitutional crisis deepens as opposition cries ‘anarchy,’ president warns noncompliance is ‘red line’
Slain New Jersey therapist’s sister says family is living a ‘nightmare’ one month later
China launches rare submarine ballistic missile as Pacific allies strengthen defense ties before NATO summit
Substitute teacher accused of sending nude photos to middle school student enters plea
Explosive sexual assault allegation rocks Platner campaign ahead of key deadline in crucial Senate race
Paul Pelosi Involved in Hit-and-Run, Was Found on Nearby Road with Heavily Damaged Car, Muddled Memory
Trump announces Sikorsky to pay for granite helipad on White House South Lawn
See also  Taylor Swift and Travis Kelce take over Madison Square Garden, shut down Midtown Manhattan

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.


WATCH: ‘The View’s Sunny Hostin Announces Lots of American Flags Make Her Feel Unsafe Because of ‘White Supremacy’
ICYMI: CNN Says Jon Ossoff’s 2028 Presidential Chances Are Better Than Josh Shapiro’s Because He Doesn’t ‘Read as Jewish’
Top Platner ally turns on him after bombshell rape allegation rocks campaign: ‘Red line’
Report warns Russia using shadow fleet to probe NATO drone defenses
WATCH: Muslim Goes Viral Shouting, ‘This Is the Islamic Republic of New Yorkistan… Mamdani’s New York,’ Claims ‘Islam Will Be in Every Household’
Bo Derek Rips COVID Vaccine Mandates in Bill Maher Interview: ‘That’s a Problem’
Smoke from record DC fireworks show triggered ‘Code Red’ air-quality alert
Resolute rest: Child dozes off against famous desk during Trump’s accounts speech
Israeli constitutional crisis deepens as opposition cries ‘anarchy,’ president warns noncompliance is ‘red line’
Slain New Jersey therapist’s sister says family is living a ‘nightmare’ one month later
China launches rare submarine ballistic missile as Pacific allies strengthen defense ties before NATO summit
Substitute teacher accused of sending nude photos to middle school student enters plea
Explosive sexual assault allegation rocks Platner campaign ahead of key deadline in crucial Senate race
Paul Pelosi Involved in Hit-and-Run, Was Found on Nearby Road with Heavily Damaged Car, Muddled Memory
Trump announces Sikorsky to pay for granite helipad on White House South Lawn
See also  READ IN FULL: Zohran Mamdani’s America 250 address from George Washington’s desk at New York City Hall

“I stopped it, not … proportionate to shooting down an unmanned drone,” he tweeted at the time.

The drone shoot-down was only the latest flare-up in the region tied to Iran.

In recent weeks, six oil tankers have been attacked in the Gulf of Oman, which the U.S. and its Gulf allies blame on Iran.

Story cited here.

Share this article:
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter