New Sanctions Have Iran Saber-Rattling

The Trump administration re-imposed tough sanctions on Iran on Monday, a critical part of President Trump’s plan to pull out of the Obama-era Iranian nuclear deal. The new sanctions target Iran’s financial and oil industries in an effort to pressure the mullahs to abandon their nuclear ambitions. In response, Iranian president Hassan Rouhani was defiant, saying the nation now faces a “war situation.”

—QUOTABLE: “Treasury’s imposition of unprecedented financial pressure on Iran should make clear to the Iranian regime that they will face mounting financial isolation and economic stagnation until they fundamentally change their destabilizing behavior.” -Treasury Secretary Steven Mnuchin