The Trump administration is maxing out sanctions on Iran and also sending US troops and air and missile defense systems to Saudi Arabia even though both chambers of congress voted to block arms sales to Saudi Arabia earlier this year.
From Politico, “Trump announces ‘highest sanctions ever’ targeting Iran’s central bank”:
President Donald Trump on Friday shared details of his administration’s newest sanctions on Iran, targeting the Islamic Republic’s national bank over Tehran’s alleged involvement in a series of drone attacks on Saudi oil facilities last weekend.
Trump claimed they would be the “highest sanctions ever imposed on a country,” telling reporters in the Oval Office that the penalties would go “right to the top” of the Iranian government.
“You will be seeing certain things happening but a very major factor is what we did,” Trump said during a bilateral meeting with Australian Prime Minister Scott Morrison. “The highest sanctions ever imposed on a country. We’ve never done it to this level.”
The latest sanctions layer on top of a slew of other penalties the Trump administration has imposed and reimposed as a result of Trump’s unilateral withdrawal from a 2015 nuclear deal with Iran and other world powers. The existing sanctions have already targeted Iran’s oil exports, its metal and mining industries and its ability to receive financing from international banks. Tehran has repeatedly likened the sanctions to “economic warfare.”
The new sanctions will affect “the last remaining source of funds for both the central bank of Iran, as well as the national development fund — which is their sovereign wealth fund,” Treasury Secretary Steven Mnuchin told reporters Friday. “This is very big — we’ve now cut off all source of funds to Iran.”
These sanctions are also limiting Iranian’s access to medical supplies.
Iran’s hospitals are experiencing a shortage of medicine and medical supplies.— NPR (@NPR) August 25, 2019
It’s a perilous example of an economic crisis that’s worsened since the Trump administration reimposed economic sanctions on the country. https://t.co/N4wJthIWkF
The whole scene, with Mnuchin coming in to talk for Trump, was very cringe:
JUST IN: President Trump announces sanctions against Iran’s national bank.— MSNBC (@MSNBC) September 20, 2019
“These are the highest sanctions ever imposed on a country. We’ve never done it to this level.” pic.twitter.com/2IIRFW5xoL
It needs to be noted that these sanctions are not only targeting Iran but every country which does business with Iran. The entire world is supposed to respect these sanctions to be on good terms with the US empire.
Read full article here…