London—The US has imposed new sanctions on Iran’s steel and metals exports, Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin said at a press conference at the White House Friday. The move comes after President Donald Trump threatened new sanctions in response to the Iranian airstrikes earlier this week targeting US military bases in Iraq. The sanctions on 17 entities in the steel industry and some other shipping and trading entities, including some based in the Seychelles, are designed to cut off billions of dollars to Iran.
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