Trump signs 'hard-hitting' new sanctions on Iran
BREAKING NEWS: Trump signs 'hard
BREAKING NEWS: Trump signs 'hard-hitting' new sanctions on Iran after stepping back from bombing country's military in retaliation for shooting down U.S. spy drone
- President Donald Trump signed an executive order with new 'hard-hitting' sanctions on Iran
- 'I'll be signing an executive order imposing hard-hitting sanctions on the supreme leader of Iran on the office of the supreme leader of Iran,' Trump said
- Trump called the actions by Iran 'not good and not appropriate'
- 'These sanctions are highly, highly-effective in locking up the Iranian economy,' Treasury Secretary Steve Mnuchin told reporters in a briefing
'I'll be signing an executive order imposing hard-hitting sanctions on the supreme leader of Iran on the office of the supreme leader of Iran and many others. Today's action follows a series of aggressive behaviors by the Iranian regime in recent weeks, including shooting down of U.S. drones,' he said in the Oval Office.
'I think a lot of restraint has been shown by us – a lot of restraint – and that doesn't mean we're going to show it in the future,' he added. 'But, I felt that we want to give this a chance, give it a good chance, because I think Iran potentially has a phenomenal future.'
President Donald Trump on Monday signed an executive order with new 'hard-hitting' sanctions on Iran
The sanctions specifically target Supreme Leader of Iran, Ali Khamenei
Trump called the actions by Iran 'not good and not appropriate.'
'The Supreme Leader of Iran is one who ultimately is responsible for the hostile conduct of the regime. He is respected within his country. His office oversees the regime's most brutal instruments.'
Trump said his executive order 'will deny the Supreme Leader and the Supreme Leader's office and those closely affiliated with him and the office access to key financial resources.'
He said his message for Ali Khamenei, the Supreme Leader, is to change the path he is on.
'My only message is he has the potential to have a great country and quickly. Very quickly. I think they should do that than going along this destructive path. Destructive for everybody. It's destructive for everybody. We can't let them have a nuclear weapon. He says he doesn't want nuclear weapons. It's a great thing to say. A lot of things has been said over the years and it turns out not so. He said he does not want to have nuclear weapons. If that itself the case, we can do something very quickly,' the president said.
Treasury Secretary Steve Mnuchin told reporters that the administration will 'lock up literally billion dollars in assets.'
'Now along with our existing sanctions authority, we have additional sanctions to go after the supreme leaders' office and lock up literally billions of dollars more of assets,' he said in the White House briefing room after he left the Oval Office, where he had watched Trump sign the new sanctions order.
'These sanctions are highly, highly-effective in locking up the Iranian economy,' he said.
Mnuchin wouldn't comment on whether military options are on the table.
And he said he would attend this week's G20 meeting with the president in Japan to discuss the issue with U.S. allies.
'I have not consulted on these specific sanctions. The answer is, in general, I have had many, many conversations with all our allies. I was in Japan ten days ago meeting with the finance ministers and discussed our sanctions program. I will be going to the G-20 with the president. Again, this will continue to be a topic of discussion,' he said.
Treasury Secretary Steve Mnuchin told reporters that the administration will 'lock up literally billion dollars in assets' of Iran's
President Donald Trump signs an executive order imposing fresh sanctions on Iran as Treasury Secretary Steven Mnuchin and Vice President Mike Pence look on
A RQ-4 Global Hawk unmanned air drone
'Our issue is not with the people of Iran. So I just want to be very clear. We are not looking at creating issues for the people of Iran. Having said that, we have sanctions against bad behavior. There is no question locking this money up worked last time, there is no question locking the money works now,' Mnuchin said.
The president also warned Tehran it can never have a nuclear weapon.
'We cannot ever let Iran have a nuclear weapon and it won't happen and secondly, and very importantly, we don't want money going out to sponsor terror. They are the number one sponsor of terror in the world. So I'll sign this order right now,' he said.