Donald Trump sanctions Iran’s central bank for attack on Saudi Arabia’s oil facilities
- Treasury Secretary said the move would cut off funding for the Islamic Revolutionary Guard Corps
- He could take out 15 different targets in Iran if he wanted to, the president said
“We have just sanctioned the Iranian national bank,” Trump told reporters in the Oval Office. “These are the highest sanctions ever imposed on a country.”
But Trump indicated he did not plan a military response, attacking both critics who thought the mogul turned president would trigger war and hawks seeking a military response.
“The easiest thing I could do (is) knock out 15 different major things in Iran,” Trump said. “I could do it right here in front of you. And that would be it. And then you would have a nice, big story to report.
“But I think the strong-person approach and the thing that does show strength would be showing a little bit of restraint,” he said. “Much easier to do it the other way. It’s much easier. And Iran knows if they misbehave, they’re on borrowed time.”
US to send more troops to Saudi Arabia after attacks on oil facilities
The US already maintains sweeping sanctions on Iran including on its central bank, with anyone who deals with it subject to prosecution, due to Tehran’s alleged nuclear programme.
But the Treasury Department said that it was imposing sanctions for the additional reason of “terrorism”, saying the central bank had provided “billions of dollars” to two groups blacklisted by the US.
Such a designation may be more difficult to lift, even if Trump loses next year’s election to a Democrat who wants to ease sanctions as part of a future deal.
“Iran’s brazen attack against Saudi Arabia is unacceptable,” Treasury Secretary Steven Mnuchin said in a statement.
“Treasury’s action targets a crucial funding mechanism that the Iranian regime uses to support its terrorist network, including the Qods Force, Hezbollah and other militants that spread terror and destabilise the region,” he said.
Iran responded that the move showed how the US was running out of options.
“The US administration sanctioning the central bank again shows how empty their hands are in finding leverage against Iran,” central bank governor Abdolnaser Hemmati said, as quoted by the state news agency IRNA.
The Qods Force conducts international operations for Iran’s elite Revolutionary Guards, who are in charge of protecting the clerical regime.
Hezbollah, the Shiite militant group and political party in Lebanon, is among Iran’s closest regional partners.
Behnam Ben Taleblu, a senior fellow at the Foundation for the Defense of Democracies, which supports tough action on Iran, said that the latest measures are a way “to push Tehran to shun funding terrorism”.
“It proves to Tehran that there will be no stopping US sanctions unless Iran changes its behaviour,” he said.
The US also imposed sanctions on Iran’s sovereign wealth fund, whose board of trustees includes President Hassan Rowhani, as well as Etemad Tejarate Pars, a company that the Treasury Department said had sent money internationally on behalf of Iran’s defence ministry.
Trump in June authorised a military strike after Iran shot down a US drone, only to call it off at the last moment.
He recently said that he hopes for talks with Rowhani, who responded that Trump must first ease sanctions.
Trump last year pulled out of a nuclear accord with Iran negotiated under former president Barack Obama, sending tensions soaring as he tried to stop all countries from buying Iran’s oil.
