The U.S. and the U.K. issued new sanctions on Iran in the wake of its sudden attack on Israel last Saturday.
According to the Associated Press, the sanctions are "meant to hold Iran accountable" for the attack and hinder its ability to conduct more attacks in the future. These sanctions include individuals and businesses:
Treasury’s Office of Foreign Assets Control targeted 16 people and two entities in Iran that produce engines that power the drones used in the April 13 attack on Israel. OFAC also sanctioned five firms involved in steel production and three subsidiaries of Iranian automaker Bahman Group — which is accused of materially supporting Iran’s military and other sanctioned groups. A representative from Bahman was not immediately available for comment.
Additionally, the U.K. is targeting several Iranian military branches and individuals involved in Iran’s drone and ballistic missile industries.
“Let it be clear to all those who enable or support Iran’s attacks,” said President Biden on the matter, “we will not hesitate to take all necessary action to hold you accountable.”
These sanctions are accompanied by new controls by the U.S. Commerce Department that would make it more difficult for Iran to get access to "basic commercial grade microelectronics."
Leaders within the E.U. also vowed to add their own sanctions on Wednesday:
EU foreign policy chief Josep Borrell said the existing EU sanctions regime would be strengthened and expanded to punish Tehran and help prevent future attacks on Israel. At the same time, he said, Israel needed to exercise restraint.
“I don’t want to exaggerate, but we are on the edge of a war, a regional war in the Middle East, which will be sending shockwaves to the rest of the world, and in particular to Europe,” he warned. “So stop it.”
As the AP notes, it's unclear how more sanctions will deter the Iranian government from doing what it wants to do in terms of its military actions in the region. The U.S. alone has hundreds of sanctions around Iran that span from its military to its banking system. It's likely that these new rounds of sanctions may be painful for Iran, but will not stop wholly stop it. In fact, it may inspire more reliance on trading with Russia, to whom Iran is accused of selling drones.
Tensions are boiling over with Israel ready to launch counter-strikes against Iran.
(REPORT: Israel Readies Air Force to 'Forcefully' Deliver 'Retaliatory Counter-Strike' Against Iran)
With the U.S. government currently handling Iran with a velvet, cash-stuffed glove, Iran can only be emboldened despite the sanctions. Moreover, Biden's administration has been telling Israel that it won't back counter-strikes. Unfreezing billions of dollars for Iranian leaders only sent the signal that they were dealing with an administration who doesn't speak the one language they understand; force.
If things heat up, the Biden administration's lack of support won't stop Israel, but if they do, and things escalate, the Biden administration will bear a large portion of the blame. This was always a situation that needed a firm hand, and it's clear the Biden administration is refusing to use one.
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