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U.S. imposes 17 sanctions against Iran’s steel, iron sector

Freedom Reporter by Freedom Reporter
January 10, 2020
in Breaking News, Foreign, News
0
Iran marks 1979 U.S. Embassy takeover

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The United States (U.S.), on Friday, says it is imposing additional sanctions on Iran following Iran’s missile attack on U.S. forces in Iraq.

The U.S. Treasury Secretary Steven Mnuchin, and Secretary of State, Mike Pompeo, disclosed this in Washington.

According to Mnuchin, the sanctions will impact individuals who own, operate, trade with or assist sectors of the Iranian economy including construction, manufacturing, textiles and mining.

The measures include 17 sanctions against Iran’s largest steel and iron manufacturers and eight senior Iranian officials.

Pompeo said the sanctions, initially announced by U.S. President Donald Trump on Wednesday, would deprive the regime of billions in revenue.

Trump’s announcement came after Tehran fired missiles at the U.S. forces in Iraq in retaliation for Washington’s targetted killing of top Iranian General Qassem Soleimani.

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.