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The White House has confirmed that the United States will impose a new set of sanctions on Iran, targeting Tehran’s missile and drone program, in response to an unprecedented retaliatory air attack on Israel.
According to National Security Advisor Jake Sullivan, these sanctions will be implemented in the coming days as a punitive measure for Iran’s recent actions.
The sanctions are specifically aimed at entities supporting the Islamic Revolutionary Guard Corps (IRGC) and Iran’s Defense Ministry. Sullivan said, “These new sanctions and other measures will continue a steady drumbeat of pressure to contain and degrade Iran’s military capacity and effectiveness and confront the full range of its problematic behaviors.”
This move comes after Iran launched over 300 missiles and drones at Israel on Saturday night, which was a retaliation for an Israeli airstrike in early April that killed several Iranian military officials in Damascus, Syria. The majority of these were intercepted and neutralized by Israel and its allies.
Additionally, Sullivan noted that President Biden is actively coordinating with G7 allies and bipartisan leaders in Congress to craft a comprehensive response. “We anticipate that our allies and partners will soon be following with their own sanctions,” he added, indicating a broader international effort against Iran’s aggressive actions.
During a press conference on the same day, Treasury Secretary Janet Yellen also discussed the implications of Iran’s actions. She warned of potential “economic spillovers” resulting from the ongoing regional conflicts, including attacks by the Houthi movement in the Red Sea. Yellen added, “We’ve targeted over 500 individuals and entities connected to terrorism and terrorist financing by the Iranian regime and its proxies since the start of the Administration.”
