• Latest
  • Trending
  • All
  • Egypt
  • Business
  • Local
  • World
US and UK issue new sanctions on Iran

US and UK issue new sanctions on Iran

April 19, 2024
Sadat tours front lines, reaffirms faith in Armed Forces

Sadat tours front lines, reaffirms faith in Armed Forces

June 4, 2026
Ivory Coast stun France in World Cup warm-up

Ivory Coast stun France in World Cup warm-up

June 4, 2026
Andreeva dismisses Kostyuk to reach French Open final

Andreeva dismisses Kostyuk to reach French Open final

June 4, 2026
Liverpool appoint former Bournemouth coach Iraola as manager

Liverpool appoint former Bournemouth coach Iraola as manager

June 4, 2026

PM: No new IMF programme needed

June 4, 2026
Putin

Putin says Russia will defeat Ukraine 

June 4, 2026
Prime Minister

PM: No new IMF programme needed

June 4, 2026
Spotify Followers

Top 6 Reliable Platforms to Grow Spotify Followers, Plays, and Monthly Listeners

June 4, 2026
Bike

Cycling for a greener future

June 4, 2026

Egypt eyes more currency swap deals   

June 4, 2026
  • Advertise
  • Privacy & Policy
  • Contact
Friday, June 5, 2026
  • Login

Editor-in-Chief

Mohamed Fahmy

Board Chairman

Tarek Lotfy

Egyptian Gazette
No Result
View All Result
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
  • Skyward
    • Snippets from EgyptAir history
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
  • Skyward
    • Snippets from EgyptAir history
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED
No Result
View All Result
Egyptian Gazette
No Result
View All Result
Home World

US and UK issue new sanctions on Iran

by News Wires
April 19, 2024
in World
US President Joe Biden

US President Joe Biden

Share on FacebookWhatsapp

ROME – The United States and Britain announced widespread sanctions against Iran’s military drone program, in response to its weekend attack against Israel.

“We are holding Iran accountable — imposing new sanctions and export controls,” US President Joe Biden said in a statement according to AFP.

Tehran launched its first-ever direct military attack on Israel late Saturday in retaliation for an April 1 air strike on the Iranian consulate in Damascus — widely blamed on Israel — that killed seven members of the Islamic Revolutionary Guard Corps, including two generals.

The large-scale attack involved more than 300 drones and missiles, most of which were shot down by Israel and its allies including Washington and London, causing little damage.

Israeli officials have not said when or where they would retaliate, but the country’s military chief has vowed a response.

Washington’s sanctions target 16 people and two companies involved in Iran’s unmanned aerial vehicle (UAV) program, as well as components for the drones used in the Saturday attack, according to the Treasury Department.

“As I discussed with my fellow G7 leaders the morning after the attack, we are committed to acting collectively to increase economic pressure on Iran,” Biden said.

“Let it be clear to all those who enable or support Iran’s attacks: the United States is committed to Israel’s security,” he continued. “And we will not hesitate to take all necessary action to hold you accountable.”

In coordination with the US Treasury, the UK government announced its own suite of sanctions against Tehran, targeting seven individuals and six companies for enabling Iran to continue its “destabilizing regional activity, including its direct attack on Israel.”

“The Iranian regime’s attack against Israel was a reckless act and a dangerous escalation,” British Prime Minister Rishi Sunak said, adding that the UK had sanctioned the “ringleaders of the Iranian military and forces responsible for the weekend’s attack.”

“These sanctions — announced with the US — show we unequivocally condemn this behavior, and they will further limit Iran’s ability to destabilize the region,” he added.

Alongside its sanctions against Iran’s UAV program, the US also targeted five companies providing parts for Iran’s steel industry, and an automaker involved in providing “material support” to Iran’s Islamic Revolutionary Guard Corps.

“Iran’s metals sector generates the equivalent of several billion dollars in revenue annually, with the majority coming from steel exports,” the Treasury Department said according to AFP.

“We’re using Treasury’s economic tools to degrade and disrupt key aspects of Iran’s malign activity, including its UAV program and the revenue the regime generates to support its terrorism,” US Treasury Secretary Janet Yellen said in a statement.

“We will continue to deploy our sanctions authority to counter Iran with further actions in the days and weeks ahead,” she added.

Tags: BritainIranIsraelUSA

Discussion about this post

ADVERTISEMENT
egyptian-gazette-logo

The Egyptian Gazette is the oldest English-language daily newspaper in the Middle East.
It was first published on January 26, 1880 and it is part of El Tahrir Printing and Publishing House.

Follow Us

Gazette Notifications

Would you like to receive notifications on our latest news ?

  • Advertise
  • Privacy & Policy
  • Contact

Copyrights for © Egyptian Gazette - Administered by Digital Transformation Management.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • EGYPT
    • Local
    • Features
  • World
    • National Day
  • Technology
  • BUSINESS
    • Real Estate
    • Automotive
  • SPORTS
  • ENTERTAINMENT
    • Arts
    • Health
    • Lifestyle
    • Travel
  • Skyward
    • Snippets from EgyptAir history
  • MORE
    • Multimedia
      • Video
      • Podcast
      • Gallery
    • OP-ED

Copyrights for © Egyptian Gazette - Administered by Digital Transformation Management.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.