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Iran Hit with Harsh Sanctions by US and UK Amid Rising Tensions

Iran Hit with Harsh Sanctions by US and UK Amid Rising Tensions

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The US and UK have jointly imposed fresh sanctions on Iran following heightened concerns over Tehran's recent attack on Israel, fearing it could escalate into a broader conflict in the Middle East.

The US Treasury's Office of Foreign Assets Control has targeted 16 individuals and two entities in Iran responsible for producing engines used in the drones deployed in the April 13 attack on Israel. Additionally, the UK has directed its sanctions towards various Iranian military organizations, individuals, and entities associated with Iran's drone and ballistic missile sectors.

Treasury Secretary Janet Yellen emphasized their commitment to countering Iran with further sanctions in the coming days and weeks. This action follows earlier warnings from US officials about impending sanctions in response to Iran's regional activities and to prevent future attacks. US lawmakers are also swiftly advancing legislation to impose financial penalties on Iran and its leadership.

Iran's attack on Israel was a retaliatory measure following an alleged Israeli strike on Iran's consulate in Syria. Israeli military leaders have vowed to respond to the Iranian aggression, although global leaders are urging restraint to prevent an escalation of violence.

In parallel, European Union leaders have pledged to intensify sanctions against Iran, specifically targeting its supply of drones and missiles to proxy groups in Gaza, Yemen, and Lebanon. EU foreign policy chief Josep Borrell announced plans to strengthen and expand existing EU sanctions to deter Iran and safeguard against further attacks on Israel, while also urging Israel to exercise caution.

Borrell cautioned that the situation could lead to a regional war in the Middle East, with repercussions reverberating globally, particularly in Europe. The collective efforts aim to de-escalate tensions and prevent a widespread conflict with far-reaching consequences.

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Iran Hit with Harsh Sanctions by US and UK Amid Rising Tensions

Iran Hit with Harsh Sanctions by US and UK Amid Rising Tensions
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The US and UK have jointly imposed fresh sanctions on Iran following heightened concerns over Tehran's recent attack on Israel, fearing it could escalate into a broader conflict in the Middle East.

The US Treasury's Office of Foreign Assets Control has targeted 16 individuals and two entities in Iran responsible for producing engines used in the drones deployed in the April 13 attack on Israel. Additionally, the UK has directed its sanctions towards various Iranian military organizations, individuals, and entities associated with Iran's drone and ballistic missile sectors.

Treasury Secretary Janet Yellen emphasized their commitment to countering Iran with further sanctions in the coming days and weeks. This action follows earlier warnings from US officials about impending sanctions in response to Iran's regional activities and to prevent future attacks. US lawmakers are also swiftly advancing legislation to impose financial penalties on Iran and its leadership.

Iran's attack on Israel was a retaliatory measure following an alleged Israeli strike on Iran's consulate in Syria. Israeli military leaders have vowed to respond to the Iranian aggression, although global leaders are urging restraint to prevent an escalation of violence.

In parallel, European Union leaders have pledged to intensify sanctions against Iran, specifically targeting its supply of drones and missiles to proxy groups in Gaza, Yemen, and Lebanon. EU foreign policy chief Josep Borrell announced plans to strengthen and expand existing EU sanctions to deter Iran and safeguard against further attacks on Israel, while also urging Israel to exercise caution.

Borrell cautioned that the situation could lead to a regional war in the Middle East, with repercussions reverberating globally, particularly in Europe. The collective efforts aim to de-escalate tensions and prevent a widespread conflict with far-reaching consequences.

 
 
 
 
 

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