Economics

Trump Announces Sanctions on Iran Central Bank for Saudi Attack

  • ‘Restraint is a good thing’ president says of military strike
  • Trump says he’ll meet with national security advisers Friday
President Donald Trump discusses new sanctions against Iran. Source: Bloomberg)
Lock
This article is for subscribers only.

The U.S. slapped terror-related sanctions on Iran’s central bank and sovereign wealth fund on Friday in retaliation for last weekend’s attack on Saudi Arabia, moves aimed at squelching any remaining trade the country conducts with Europe and Asia.

“These are the highest sanctions ever imposed,” President Donald Trump told reporters during a meeting with Australian Prime Minister Scott Morrison at the White House. “We’ve never done it at this level.”