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Trump Imposes New Economic Sanctions on Iran

The imposition of more sanctions could provoke further actions by Iran to add to the crisis that has unfolded since early May in the Persian Gulf and Gulf of Oman, analysts say.

WASHINGTON — President Trump announced on Monday that he is imposing new sanctions on Iran, after saying for days that he preferred tightening the pressure on a crippled Iranian economy to launching an immediate military strike in retaliation for what American officials have said are recent aggressive acts by Tehran.

“We will continue to increase pressure on Tehran,” Mr. Trump said as he sat at his desk in the Oval Office preparing to sign an executive order. “Never can Iran have a nuclear weapon.”

He added that the order will bar Iranian leaders from access to financial instruments. The administration did not immediately elaborate.

The Trump administration already moved this spring to cut off all revenues from Iranian oil exports, the lifeblood of the nation’s economy, and the new sanctions are expected to be aimed at shutting down additional sources of income with the goal of forcing political change in Tehran.

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Source: N.Y Times

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