The Secretary of the Treasury of the United States, Janet Yellen, announced this Tuesday, 16, that the North American government plans to impose new sanctions on Iran in response to the country’s recent attacks against Israel.

The statement was made during a press conference ahead of the 2024 Spring Meetings of the International Monetary Fund and the World Bank.

Yellen said she expected the sanctions to be implemented in the coming days, although she did not specify which sectors of Iran would be affected.

The possibility of including additional restrictions on Iranian oil shipments has not been ruled out, which could have a significant impact on the global energy market given Iran’s position as the fourth largest oil exporter.

Tensions between the US and Iran have been a constant, worsened after the US withdrawal from a nuclear deal in 2019 during Donald Trump’s presidency.

The agreement, established in 2015 under the administration of Barack Obama, aimed to limit Iran’s nuclear program.

The new round of sanctions comes in a context of escalating violence, where Iran responded to an Israeli attack on its embassy in Syria with aerial weapons launches against Israel, which were almost entirely intercepted.

Janet Yellen highlighted the importance of economic tools in response to Iranian activities and reinforced that any decision on new sanctions will require a consensus within Joe Biden’s administration, including contributions from the State Department and a diplomatic initiative led by the president.


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