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: Spontaneous Tribute to Charlie Kirk Erupts as Trump Honors Erika at RNC Midterm Convention

In Hindsight, Trump’s Decision to Save TikTok Was a Colossal Mistake

Republican sounds alarm on rising Dem star: ‘This guy’s going to be a problem’

Zohran Mamdani urged to skip New York City’s 9/11 memorial: ‘Vile antisemite’

Houthis seize port city in offensive aimed toward Bab el-Mandeb Strait

Richard Hudson’s three keys to holding the House, and why midterm conventions are here to stay

Illegal Alien Charged with Kidnapping 6-Year-Old Girl From Her Home and Sexually Assaulting Her

Charlie Kirk’s Death Was a Singular Tragedy, But Part of a Wider Surge in Leftist Violence

9/11 hero Welles Crowther’s firehouse president reveals what shaped the ‘man in the red bandana’

Lone holdout in Lindsay Clancy trial demonstrated the killings during deliberations, fellow juror says

Trump dangles $5,000 checks as debt surges — but only if GOP can clear major midterm hurdle

Republican convention attendees share heartfelt tributes to late Charlie Kirk on assassination anniversary

Before One of Charlie Kirk’s Final Speeches, He Was Warned Not to Talk About Christianity – That Was All the Motivation He Needed

False Moderates, Part 4: AOC’s Presidential Ambitions Could Threaten American Liberty

Newsom says Biden, Clinton, and Harris were too insulated; urges Democrats to get out of their bubble

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.