President Trump has announced a new rounds of sanctions against Iran, targeting its industry due to a series of ballistic missile tests. The Free Beacon reports:
In announcing another round of sanctions on Iran this week, the Trump administration took unprecedented steps to roll back a series of cash windfalls authorized by the Obama administration that have lined the extremist regime’s pockets and enabled it to make strides in its ballistic missile technology, according to policy experts.
President Donald Trump, on the anniversary this week of leaving the landmark nuclear deal, issued another salvo of sanctions that target Iran’s lucrative iron, steel, aluminum, and copper sectors. Each of these arenas has helped Iran’s hardline regime stockpile billions in cash as the country’s economy teeters on the brink.
The sanctions represent “the first significant expansion of sectoral sanctions since 2013,” according to veteran foreign policy analysts at the Foundation for Defense of Democracies, or FDD, a think-tank that enjoys close ties with the Trump administration.
The sanctions will pressure Iran’s Revolutionary Guards Corps, or IRGC, the regime’s paramilitary fighting force that also controls significant portions of the country’s economy, mainly those like the precious metals sector that can be used for military purposes.
The Iranian economy is on the brink of ruin, and additional sanctions backed by military readiness will hopefully cow Iran’s terrorist ambitions in the region.