US Pres. Trump to impose new sanctions on Iran – Axios

Anil Panchal FXStreet

Not only China, but the US President Donald Trump seems also in a mood to threaten Iran.

A news report from the Axios suggests that the Trump administration plans to target a new sector of the Iranian economy with significant new sanctions this week.

As per the news report, two anonymous senior administration officials said that the administration will likely announce this new wave of sanctions on Wednesday — marking the one year anniversary of President Trump's withdrawal from the Iran nuclear deal.

The article further said that there was no more information on the type of sanctions but they sure won’t be on the energy sector.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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