US to slap sanctions on over two dozen targets tied to Iran arms – Reuters


Reuters, citing a senior US official, reports that the United States on Monday will sanction more than two dozen people and entities involved in Iran's nuclear, missile and conventional arms programs.

Speaking on condition of anonymity, the official said Iran could have enough fissile material for a nuclear weapon by the end of the year and that Tehran has resumed long-range missile cooperation with nuclear-armed North Korea.

He did not provide detailed evidence regarding either assertion.

Key notes

  • US to impose sanctions on more than 24 people, entities involved in Iran's nuclear, missile and conventional arms programs on Monday, senior US the official says.
  • US believes Iran may have enough fissile material for a nuclear bomb by end of the year, US official says.
  • Iran, North Korea have resumed collaboration on long-range missile project, US official says.
  • Trump to issue an executive order on Monday allowing US to sanction non-US actors who trade conventional arms with Iran - US official confirms.
  • US taking these steps to enforce UN sanctions it argues have been restored believes foreign companies will wish to avoid risk of US penalties - US official says.

Market implications

There has been no immediate market impact but these are key developments that the oil market participants will be watching closely. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD drops below 1.1850 amid growing covid concerns

EUR/USD has dropped under 1.1850 as European coronavirus cases hit records. France exceeded 50K daily cases and Spain announced a state of emergency. US fiscal stimulus talks remain stuck ahead of the elections. 

EUR/USD News

GBP/USD pressured towards 1.3000 amid downbeat market mood

GBP/USD has been extending its losing streak amid a surge in COVID-19 cases in the UK and elsewhere. Investors are shrugging off reports of progress in Brexit talks. 

GBP/USD News

XAU/USD pushed and pulled in jittery market conditions

The price of gold has been testing the bearish commitments above the $1,900 psychological level following a brief spell below it, printing a low of $1,891.50.

Gold News

Bitcoin vs gold: Safe haven battle

A new idea has been floating around in Safe Haven Trading. Well, it’s not entirely new, but it’s quite controversial to say the least. For the longest time, gold has been considered to be the purest form of safe haven trading. 

Read more

WTI heavily on the back foot, but right tail remains fat

The coronavirus pandemic gets a new lease of life on the commodities market's risk barometer and at the time of writing, WTI is trading at $38.52 and has travelled from a high of $39.72 to a low of $38.31.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures