The Trump administration designated the head of Iran's central bank a terrorist Tuesday, slapping on sanctions meant to further isolate Iran from the global financial system.
"These actions build upon President Trump's May 8 decision to cease the United States' participation in the Joint Comprehensive Plan of Action (JCPOA) and begin reimposing USA sanctions that had been lifted under the JCPOA, including against the Central Bank of Iran", Tuesday's statement said.
The new sanctions are part of the administration's efforts to address Tehran's "malign influence" in the region, an effort that, in conjunction with President Donald Trump's decision to remove the United States from the Iran nuclear deal and Monday's controversial opening of the United States embassy in Jerusalem, has led to a spike in tensions across the Middle East. The European members of the deal are attempting to maintain it alive with out the U.S. But it is unclear that will likely be workable, as a result of Trump has vowed to punish European firms that proceed doing enterprise with Iran regardless of re-imposed U.S. sanctions. They were named "specially designated global terrorists" for allegedly assisting Iran's Islamic Revolutionary Guards Corps-Quds Force to support Hezbollah.
"The United States will not permit Iran's increasingly brazen abuse of the global financial system", said US Treasury Secretary Steven Mnuchin. "The global community must remain vigilant against Iran's deceptive efforts to provide financial support to its terrorist proxies".
Brooke Singman is a Politics Reporter for Fox News. Secondary sanctions also apply to non-Americans and non-U.S. companies.
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According to a release from the Treasury Department, OFAC targeted the governor and a senior official of the Central Bank of Iran, an Iraq-based bank and its chairman, and a Hizballah official.
Seif is also under attack inside Iran.
Seif, a profession banker, grew to become the pinnacle of Iran's Central Financial institution in 2013 underneath President Hassan Rouhani, who shepherded the nuclear deal.
At the time, the USA singled out the Central Bank of Iran as "complicit" in the operation, foreshadowing Tuesday's action.
Lebanon's Hezbollah, the highly effective Shiite guerrilla power that can also be a outstanding political participant in Lebanon, has lengthy helped perform Iran's worldwide coverage targets within the Arabic-speaking world. Hezbollah fought a battle with Israel in 2006, and Israeli officers have been deeply involved concerning the prospect of one other confrontation.