US announces new sanctions against top Iran officials, metals industry

Published
31
Secretary of State Mike Pompeo, left, and Treasury Secretary Steve Mnuchin brief reporters about additional sanctions placed on Iran, at the White House, Friday, Jan 10. — AP
Secretary of State Mike Pompeo, left, and Treasury Secretary Steve Mnuchin brief reporters about additional sanctions placed on Iran, at the White House, Friday, Jan 10. — AP
This combination of file pictures shows Ali Shamkhani (L), secretary of the Supreme National Security Council of Iran; and Gholamreza Soleimani, a senior officer in the Islamic Revolutionary Guard Corps who commands Basij forces. — AFP
This combination of file pictures shows Ali Shamkhani (L), secretary of the Supreme National Security Council of Iran; and Gholamreza Soleimani, a senior officer in the Islamic Revolutionary Guard Corps who commands Basij forces. — AFP

The United States on Friday announced fresh sanctions against eight top Iranian officials it accused of working to destabilise the region, as well as against more than a dozen leading producers of metals in the Islamic republic.

“As a result of these actions, we will cut off billions of dollars of support to the Iranian regime,” Treasury Secretary Steven Mnuchin told reporters at a White House briefing.

Among the senior Iranian officials targeted in the new measures were Ali Shamkhani, the secretary of Iran's Supreme National Security Council, Mohammad Reza Ashtiani, the Iranian armed forces deputy chief of staff and Gholamreza Soleimani, the head of the Basij militia, a volunteer force loyal to the regime.

The US Treasury also slapped sanctions on 17 Iranian metals producers and mining companies which it said generated billions of dollars in revenue.

The sanctions also included a network of three entities that are based in China and the Seychelles as well as a vessel “involved in the purchase, sale, and transfer of Iranian metals products”, the Treasury said in a statement.

Mnuchin said the officials and companies were being targeted in response to Iranian ballistic strikes targeting Iraqi military bases where US forces are stationed. That attack was launched after a US drone strike in Baghdad killed top Iranian general Qasem Soleimani.

Mnuchin said that the measures hitting Iran's economy “will continue until the regime stops the funding of global terrorism and commits to never having nuclear weapons”.

Opinion

Editorial

Fixing bond markets
Updated 01 Oct, 2026

Fixing bond markets

Pension funds, insurance companies, mutual funds, retail investors, and eventually, foreign investors must become bigger participants in the market.
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...
Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...