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Steven Mnuchin Signals 'Very Strong' Sanctions on Iran Could Return

2018-04-12 09:27:30       source:Fortune

April 11, 2018

Treasury Secretary Steven Mnuchin signaled on Wednesday the U.S. may impose “very strong” sanctions on Iran as President Donald Trump seeks to renegotiate a multinational accord that curbs the Islamic Republic’s nuclear program.

Mnuchin, testifying before a House appropriations subcommittee, said there will be “primary and secondary sanctions” against Iran, referring to penalties for the country itself and entities that do business with it.

Speaking to reporters after the hearing, Mnuchin said he was referring both to a possible fresh round of sanctions, as well as the return of previous sanctions that have been periodically waived as part of the nuclear deal.

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