Treasury Secretary Steve Mnuchin identified 18 Iranian banks it would target with sanctions in order to choke off the country's connection to the global economy.
While the Trump administration claimed the action would"allow for humanitarian trade," European officials expressed concern that it would deprive Iran's devastated economy of access to foreign currency to pay to import essential supplies.
Iran is battling a new rise in Covd-19 cases, seeing its highest-single day case number on Tuesday with 4,151, as well as a record 227 deaths on Monday, according to Al Jazeera. In August, the U.S. attempted to"snapback" sanctions that were lifted by the multilateral nuclear deal struck in 2015, but the U.N. Security Council announced all 15 member countries except the Dominican Republican rejected the proposal, deeming it illegal given Trump's withdrawal from the agreement.
The sanctions are meant to dissuade Iran from developing nuclear weapons, but since Trump's controversial withdrawal from the global pact in 2018, Iran has enriched more uranium than before its signing. European allies have objected to further sanctions against Iran, with the European Union foreign policy chief Josep Borrell in April expressing regret over Washington's opposition to Iran's request to ease sanctions and to receive financial help from the International Monetary Fund to combat the pandemic.“We were in the Iran nuclear deal with friends, with allies. . . .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Administration Targets Skilled Foreign Workers With New H-1B RestrictionsThe DHS’s new rules make it harder for U.S. companies to hire foreign workers.
Read more »
Trump Administration Announces Overhaul of H-1B Visa ProgramThe changes will require employers to pay high-skilled foreign workers significantly higher wages, narrow the types of degrees that could qualify an applicant, and shorten the length of visas for certain contract workers.
Read more »
Trump administration announces new restrictions on employment-based visa programThe Department of Labor and Department of Homeland Security announced that they will release regulations targeting H-1B visas intended for highly skilled workers
Read more »
Trump administration to sharply limit skilled-worker visasAbout one-third of the people who have applied for H1-B visas in recent years would be denied under the new rules, a Homeland Security official said.
Read more »
Trump administration says it will further tighten rules for foreign workers using H-1B visasThe measures will require companies to pay foreign workers more and narrow eligibility for hiring.
Read more »
Trump administration will cease federal funding to hospitals that do not report COVID-19 dataThe U.S. Department of Health and Human Services will halt some federal funding to hospitals that do not comply with its requirements for reporting data on COVID-19, senior administration officials told reporters on a Tuesday call.
Read more »