Sources within the Trump administration reported on Sunday that the president is set to announce further sanctions against the Iranian government some time in the next week.
While details remain scarce, administration officials implied that Iran’s energy sector would not be targeted, while confirming their intent to continue pressuring the government.
The news comes amid increased tensions between the Trump administration and the Iranian government, who have maintained a contentious relationship since his 2016 election.
Additional sanctions against Iran’s petrochemical sector have also been expected, with President Trump having declared the Revolutionary Guard a “terrorist organization” the previous month.
From The Hill:
The Trump administration is reportedly expected to announce additional sanctions on Iran within the coming week.
The sanctions, which are slated to be announced Wednesday, will significantly impact a new sector of the Iranian economy, Axios reported Sunday, citing two senior administration officials. They did not tell the news outlet which sector would be affected, but said it will not be energy.
The administration is attempting to limit the country’s possibility for growth by restricting economic diversification, officials told Axios.
The Hill has reached out to the White House, State Department and Treasury Department for comment.
The Trump administration has had notably cold relations with Iran. President Trump last year pulled the U.S. out of the Iran nuclear deal, which lifted sanctions on Iran in exchange for restrictions on the country’s nuclear program.
The administration last month also designated Iran’s Revolutionary Guard as a “foreign terrorist organization.”
The administration is also expected to put sanctions on Iran’s petrochemical industry, the Wall Street Journal reported last week.