BREAKING NEWS

Mnuchin says Trump order will sanction Iranian FM Zarif

JUNE 24, 2019 19:48

WASHINGTON - US Treasury Secretary Steve Mnuchin said on Monday the new executive order signed by President Donald Trump will lock up billions of additional dollars in Iranian assets, squeezing the country further amid escalating tensions with Washington.

Mnuchin added Iranian Foreign Minister Zarif will also be hit with sanctions this week, CNBC reported.

Mnuchin said the order was in the works before last week's downing by Iran of a U.S. military surveillance drone but was in response to that as well as to previous Iranian actions in the Gulf.

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