News

World

Trump Announces ‘Hard Hitting’ New Sanctions on Iran

President Trump displays an executive order imposing fresh sanctions on Iran in the Oval Office of the White House in Washington, D.C., June 24, 2019. (Carlos Barria/Reuters)

President Trump announced Monday that he will impose additional economic sanctions on Iran in response to recent acts of aggression that have sharply escalated tensions between the two nations in recent weeks.

“We will continue to increase pressure on Tehran,” Trump said in the Oval Office before signing an executive order imposing the new sanctions. “Never can Iran have a nuclear weapon.”

The executive order, which expands upon existing sanctions that have effectively deprived Iran of oil-export revenue, freezes the assets of officials serving at the highest levels of the Iranian government, including those assets held by the country’s supreme leader, Ayatollah Khomeini.

Addressing reporters from the White House briefing room after the executive order was signed, Secretary of the Treasury Steven Mnuchin dismissed the suggestion that the latest round of sanctions was “symbolic,” pointing out that order will effectively “lock up tens of billions of dollars” previously held by the most influential people in Iranian government.

The latest round of sanctions come after the Pentagon announced Thursday that an Iranian surface-to-air missile had downed a U.S. military-surveillance drone flying above the Strait of Hormuz, a major waterway through which one-third of the world’s oil supply flows.

In response, Trump ordered a missile strike against a number of Iranian radar facilities, but reversed himself Thursday evening minutes before the strike was to be carried out after concluding that the resulting 150 casualties would represent a “disproportionate response” to the downing of an unmanned drone.

During the Monday Oval Office signing ceremony, Trump touted the “restraint” displayed by his administration but warned that he may not show such restraint going forward if Iran continues to behave aggressively.

The drone conflagration further increased tensions that were heightened significantly the week prior, when Secretary of State Mike Pompeo announced that Iran was responsible for explosive attacks on two foreign oil tankers passing through the Strait of Hormuz, the fifth and sixth such attacks in the region since May.

Iran has denied responsibility for the attacks, but U.S. intelligence officials maintain that the Islamic republic is the only actor in the region with the motivation and capability to plant sophisticated explosives on the tankers.

Send a tip to the news team at NR.

Most Popular

Education

Destroy the ‘Public’ Education System

‘Public” schools have been a catastrophe for the United States. This certainly isn’t an original assertion, but as we watch thousands of authoritarian brats tearing down the legacies of George Washington and Abraham Lincoln, it’s more apparent than ever. State-run schools have undercut two fundamental ... Read More
Education

Destroy the ‘Public’ Education System

‘Public” schools have been a catastrophe for the United States. This certainly isn’t an original assertion, but as we watch thousands of authoritarian brats tearing down the legacies of George Washington and Abraham Lincoln, it’s more apparent than ever. State-run schools have undercut two fundamental ... Read More
Culture

A Triumph at Mount Rushmore

If nothing else, President Donald Trump’s July Fourth speech at Mount Rushmore clarified the battle lines of our culture war. The New York Times called the speech “dark and divisive,” while an Associated Press headline declared, “Trump pushes racial division.” A Washington Post story said the speech ... Read More
Culture

A Triumph at Mount Rushmore

If nothing else, President Donald Trump’s July Fourth speech at Mount Rushmore clarified the battle lines of our culture war. The New York Times called the speech “dark and divisive,” while an Associated Press headline declared, “Trump pushes racial division.” A Washington Post story said the speech ... Read More
Culture

Why Progressives Wage War on History

Princeton University’s decision to remove the name “Woodrow Wilson” from its School of Public and International Affairs is a big win for progressive activists, and the implications will extend far beyond the campus. It hardly surprises me, in today’s polarizing environment, that my alma mater caved to ... Read More
Culture

Why Progressives Wage War on History

Princeton University’s decision to remove the name “Woodrow Wilson” from its School of Public and International Affairs is a big win for progressive activists, and the implications will extend far beyond the campus. It hardly surprises me, in today’s polarizing environment, that my alma mater caved to ... Read More
U.S.

Bad News about the Virus

On the menu today: an important update about indications that the coronavirus is now more contagious than it used to be, with far-reaching ramifications for how we fight this pandemic; a point on the recent complaints about the Paycheck Protection Program; and a new book for everyone closely following the debate ... Read More
U.S.

Bad News about the Virus

On the menu today: an important update about indications that the coronavirus is now more contagious than it used to be, with far-reaching ramifications for how we fight this pandemic; a point on the recent complaints about the Paycheck Protection Program; and a new book for everyone closely following the debate ... Read More
World

Putin’s Empire Strikes Back

In 1648, at the negotiating tables of Münster and Osnabrück, a panoply of European diplomats signed a document that would lay down the foundations of the modern world order: the Treaty of Westphalia. Naturally, the signatories did not realize the impact of their contribution to history. Far from a pack of ... Read More
World

Putin’s Empire Strikes Back

In 1648, at the negotiating tables of Münster and Osnabrück, a panoply of European diplomats signed a document that would lay down the foundations of the modern world order: the Treaty of Westphalia. Naturally, the signatories did not realize the impact of their contribution to history. Far from a pack of ... Read More