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Economics

Trump Bans Trade in Iranian Metals, Ratcheting Up Tensions

  • Order seeks to prevent Tehran from developing weapons
  • Iran said it may abandon limits on uranium enrichment
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President Donald Trump issued an executive order on Wednesday prohibiting the purchase of Iranian iron, steel, aluminum and copper, ratcheting up tensions with the Islamic Republic less than a day after it declared it may begin enriching uranium again in two months.

Trump said in his order that the prohibition on trading in the Iranian metals -- the country is the world’s 18th largest steel exporter -- is aimed at preventing Tehran from developing a nuclear weapon or intercontinental ballistic missiles.