"The sanctions highlight US President Donald Trump's push to increase the financial pressure on Iran as he seeks major concessions to end the war."
"The Iranian regime must be held accountable for its extortion of global energy markets and indiscriminate targeting of civilians with missiles and drones, Treasury Secretary Scott Bessent said in a statement."
"Trump had previously said that he did not want to extend it. But in his sudden about-face, Trump said the pause in the fighting would continue until such time as [Iran's] leaders and representatives can come up with a unified proposal."
The US Department of the Treasury announced sanctions against 14 individuals and entities for aiding Iran's arms industry. These sanctions aim to increase financial pressure on Iran as the US seeks concessions to end ongoing fighting. Treasury Secretary Scott Bessent emphasized the need to hold Iran accountable for its actions. The sanctions coincide with uncertain talks between US and Iranian officials, with Iran hesitant to participate due to US blockades. President Trump announced an extension of a ceasefire, initially set to expire, until Iran presents a unified proposal.
Read at www.aljazeera.com
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