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    -217.880
    -1.6%
  • OTRI.USA
    22.060
    -0.040
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  • OTVI.USA
    13,638.790
    -223.800
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  • TLT.USA
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    0.000
    0%
  • TSTOPVRPM.ATLPHL
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  • TSTOPVRPM.CHIATL
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  • TSTOPVRPM.PHLCHI
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  • TSTOPVRPM.LAXSEA
    2.720
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    -9%
  • WAIT.USA
    127.000
    0.000
    0%
  • ITVI.USA
    13,670.690
    -217.880
    -1.6%
  • OTRI.USA
    22.060
    -0.040
    -0.2%
  • OTVI.USA
    13,638.790
    -223.800
    -1.6%
  • TLT.USA
    2.800
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.480
    -0.170
    -6.4%
  • TSTOPVRPM.CHIATL
    3.070
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  • TSTOPVRPM.DALLAX
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  • TSTOPVRPM.LAXDAL
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American ShipperTrade and Compliance

Trump moves forward with additional Iran sanctions

The president authorized financial sanctions against Ayatollah Ali Khamenei and certain Revolutionary Guard officers in response to military tensions in the Persian Gulf.

   President Donald Trump on Monday morning authorized additional sanctions against the Iranian government in response to heightened military tensions in the Persian Gulf.
   “Basically, this was something that was going to happen,” he told reporters attending the signing of the executive order in the Oval Office.
   The sanctions are focused on blocking financial resources to Iran Supreme Leader Ayatollah Ali Khamenei. 
   Specifically, the Treasury Department’s Office of Foreign Assets Control (OFAC) will impose sanctions against eight senior commanders of the Islamic Revolutionary Guards Corps (IRGC) for their alleged roles in the recent oil tanker attacks and last week’s shooting down of a U.S. military drone.
   As a result of these sanctions, all property and interests in property of these individuals that are in the U.S., or in the possession or control of U.S. persons, must be blocked and reported to OFAC. The agency’s regulations generally prohibit all business dealings by U.S. persons with sanctioned individuals. 
   “This action is a warning to officials at all levels of the IRGC and the rest of the Iranian regime that we will continue to sanction those who export violence, sabotage and terrorism,” said Treasury Secretary Steven Mnuchin in a statement.
    Trump withdrew the U.S. from the multilateral Joint Comprehensive Plan of Action (JCPOA), otherwise known as the Iran nuclear deal, in May 2018 and proceeded with unilateral sanctions against Iran. The president said the 2015 treaty “wasn’t properly done, but we’ll get it properly done.”
   “We can’t let them have a nuclear weapon,” Trump added.

Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.