Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
US Expected to Impose New Sanctions on Iran’s Financial Sector: Source
Error: Contact form not found.
by Reuters and Algemeiner Staff
A staff member removes the Iranian flag from the stage after a group picture with foreign ministers and representatives of the US, Iran, China, Russia, Britain, Germany, France and the European Union during nuclear talks at the Vienna International Center in Austria, July 14, 2015. Photo: Reuters / Carlos Barria / File.
The United States is preparing to impose fresh sanctions on Iran’s financial industry as soon as Thursday, a Republican congressional aide briefed on the matter said, as Washington ramps up pressure on Tehran weeks ahead of a key US election.
The move, which would effectively shut Iran out of the global financial sector, comes after the United States last month said it triggered a “snap back,” or resumption, of virtually all UN sanctions on Iran, an assertion rejected by key European allies and most UN Security Council members including Russia and China.
The Washington Post first reported on the US plan.
Tensions between Washington and Tehran have soared since US President Donald Trump unilaterally withdrew in 2018 from the Iran nuclear deal struck by his predecessor and began reimposing sanctions that had been eased under the accord.
US sanctions have crippled the Iranian economy. President Hassan Rouhani in June said his country was experiencing the toughest year because of US economic pressure and the coronavirus pandemic which has hit the Islamic Republic hard.
Iran hawks inside and outside the Trump administration have been pushing for the targeting of Iran’s entire financial sector for some time.
Iran’s oil exports, a key source of revenue for the OPEC member, have dropped to their lowest levels in decades earlier this year, but Thursday’s move, experts have said, could hit the Islamic Republic’s ability to secure humanitarian goods such as medicine.
The US sanctions Trump has reimposed target everything from oil sales to shipping and financial activities, and while they exempt food, medicine and other humanitarian supplies, many foreign banks are already deterred from doing business with the Islamic Republic — including humanitarian deals.
