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The United States will hit Iran with new sanctions over the next few days in response to the attack on Israel, Washington warned.
US treasury secretary Janet Yellen said the measures would aim to reduce Tehran’s capacity to export oil and ability to finance its terrorist proxies throughout the Middle East.
“With respect to sanctions, I fully expect that we will take additional sanctions action against Iran in the coming days,” Ms Yellen said.
“We don’t preview our sanctions tools. But in discussions I’ve had, all options to disrupt terrorist financing of Iran continue to be on the table,” she added.
It comes as the Israeli war cabinet was set to meet for the third time in three days to consider its response to Iran’s attack on Israel over the weekend.
Military chief of staff Herzi Halevi had promised that Saturday night’s launch of more than 300 missiles, cruise missiles and drones from Iran into Israeli territory “will be met with a response“, but gave no details.
Iran launched the attack in retaliation for an airstrike on its embassy compound in Damascus on 1 April attributed to Israel, but signalled that it did not seek further escalation.
Key Points
- US to hit Iran with new sanctions in coming days
- Israeli war cabinet to meet for third time in three days
- Iran will respond to any action against its interests
- EasyJet suspends flights to Israel
- Threat to Iran’s nuclear facilities
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Alexander Butler16 April 2024 19:40 1713290857UK tells Israel ‘calm heads will prevail'
Only calm heads will prevail in the conflict between Israel and Iran, UK prime minister Rishi Sunak told Benjamin Netanyahu.
Mr Sunak said Iran had “badly miscalculated” and pledged the UK’s “steadfast” support for Israel’s security and wider regional stability - but warned an escalation was in “no one’s interest”.
A Downing Street spokesperson said: “The Prime Minister spoke to Israeli Prime Minister Benjamin Netanyahu this afternoon.
“He reiterated the UK’s steadfast support for Israel’s security and for wider regional stability. Prime Minister Netanyahu thanked the UK for its rapid and robust support in the face of Iran’s reckless and dangerous attack on Saturday.
“The Prime Minister said Iran had badly miscalculated and was increasingly isolated on the global stage, with the G7 coordinating a diplomatic response.
“He stressed that significant escalation was in no one’s interest and would only deepen insecurity in the Middle East. This was a moment for calm heads to prevail.
“On Gaza, the Prime Minister said he remained gravely concerned about the deepening humanitarian crisis. The UK wanted to see a massive step change in aid access to flood Gaza with vital supplies, including Israel opening up new aid routes as quickly as possible.
“The Prime Minister said it was deeply disappointing that Hamas blocked a deal at the weekend that would have saved Palestinian lives and secured the safe release of hostages.”
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Alexander Butler16 April 2024 19:00 1713288623Could conflict between Israel and Iran trigger a third world war?
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US to hit Iran with new sanctions in coming days, Yellen says
US Treasury Secretary Janet Yellen on Tuesday warned that the Washington intends to hit Iran with new sanctions in coming days over its unprecedented attack on Israel, and these actions could seek to reduce Iran’s capacity to export oil.
“With respect to sanctions, I fully expect that we will take additional sanctions action against Iran in the coming days,” Yellen said told a news conference on the sidelines of the International Monetary Fund and World Bank spring meetings in Washington.
“We don’t preview our sanctions tools. But in discussions I’ve had, all options to disrupt terrorist financing of Iran continue to be on the table,” Yellen added.
She said that the Treasury and State Department have taken previous action to contain Iran’s “destabilizing” behavior by diminishing its ability to export oil.
“Clearly, Iran is continuing to export some oil. There may be more that we could do. I don’t want to preview our actual sanctions activities, but certainly that remains in focus as a possible area that we could address.”
Alexander Butler16 April 2024 17:03 1713281423UK to discuss Iran sanctions with French, says Lord Cameron
The UK foreign secretary will discuss further steps on sanctioning Iran with his French counterpart to “discourage” its leaders.
Lord Cameron told the House of Lords that he would be speaking to french counterparts and others about “further steps we can take in order to discourage Iran” which would include possible “further sanctions” as well as “work we do together at the international energy authority”.
He said: “We have sanctioned hundreds of people in Iran, we’ve sanctioned the IRGC in its entirety, and will be discussing with the french and others further steps we can take in order to discourage Iran from this behaviour ... We do need to have clear resolutions when Iran is in breach of promises its made”
Alexander Butler16 April 2024 16:30 Newer1 / 5OlderDisclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
