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U.S. Reportedly Preparing Sanctions On Iran Over Ballistic Missile Program
President Barack Obama's administration is preparing new sanctions on international companies and individuals over Iran's ballistic missile program, sources familiar with the situation said on Wednesday.
The Wall Street Journal reported earlier that the potential sanctions would target about 12 companies and individuals in Iran, Hong Kong and the United Arab Emirates (UAE) for their suspected role in developing Iran's ballistic-missile program.
U.S. officials have said the Treasury Department retains a right under July's landmark nuclear agreement between Iran and six world powers, including Washington, to blacklist Iranian entities suspected of involvement in missile development, the Journal said.
Iranian officials have said the country's supreme leader would view such penalties as violating the nuclear accord.
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