Trump slaps new US sanctions on Iran's metals industry

WASHINGTON: President Donald Trump on Wednesday ordered new sanctions on Iran, this time targeting the Islamic Republic's export revenues from its industrial metals sector, and vowed to keep squeezing Tehran unless it"fundamentally alters" its policies.

"Today's action targets Iran's revenue from the export of industrial metals - 10 per cent of its export economy - and puts other nations on notice that allowing Iranian steel and other metals into your ports will no longer be tolerated," Trump said in a statement.

Tehran halting compliance with some elements of the nuclear deal was"nothing less than nuclear blackmail of Europe," Tim Morrison, special assistant to the US president and senior director for weapons of mass destruction, told a conference. "If you are a bank, an investor, an insurer or other business in Europe you should know that getting involved in the ... Special Purpose Vehicle is a very poor business decision," Morrison said.

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US vows more sanctions for Iran, tells Europe to stop doing business with TeheranWASHINGTON (REUTERS) - The United States on Wednesday (May 8) threatened to impose more sanctions on Iran 'very soon' and warned Europe against doing business with Teheran, increasing pressure on the Islamic republic hours after saying it will stop complying with parts of an international agreement to curb its nuclear program.. Read more at straitstimes.com.
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