Trump administration announces new sanctions on Iran

The Trump administration on Friday announced a new round of economic sanctions against Iran in response to the regime’s missile attacks on Iraqi military bases hosting U.S. and coalition forces.

Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin announced the new sanctions at a press conference.

“As long as Iran’s outlaw ways continue, we will continue to impose sanctions,” Pompeo said.

Iran’s missile attacks on Tuesday night came in response to the death last week of Iranian Gen. Qassem Soleimani, who was killed in a U.S. drone strike in Iraq last week.

Pompeo and Mnuchin said the sanctions would target individuals involved in Iran’s construction, manufacturing, textile and mining sectors, as well as its largest steel and iron manufacturers. The administration also is issuing sanctions against eight Iranian officials involved in “destabilizing activities” as well as the ballistic missile attack on Iraqi airbases on Tuesday.

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Gen. Qassem Soleimani's funeral
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Gen. Qassem Soleimani's funeral
Iranian mourners gather during the final stage of funeral processions for slain top general Qasem Soleimani, in his hometown Kerman on January 7, 2020. - Soleimani was killed outside Baghdad airport on January 3 in a drone strike ordered by US President Donald Trump, ratcheting up tensions with arch-enemy Iran which has vowed "severe revenge". The assassination of the 62-year-old heightened international concern about a new war in the volatile, oil-rich Middle East and rattled financial markets. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)
Iranian mourners gather around a vehicle carrying the coffin of slain top general Qasem Soleimani during the final stage of funeral processions, in his hometown Kerman on January 7, 2020. - Soleimani was killed outside Baghdad airport Friday in a drone strike ordered by US President Donald Trump, ratcheting up tensions with arch-enemy Iran which has vowed "severe revenge". The assassination of the 62-year-old heightened international concern about a new war in the volatile, oil-rich Middle East and rattled financial markets. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)
Iranian mourners gather during the final stage of funeral processions for slain top general Qasem Soleimani in his hometown Kerman on January 7, 2020. - Soleimani was killed outside Baghdad airport on January 3 in a drone strike ordered by US President Donald Trump, ratcheting up tensions with arch-enemy Iran which has vowed "severe revenge". The assassination of the 62-year-old heightened international concern about a new war in the volatile, oil-rich Middle East and rattled financial markets. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)
Iranian mourners stand on a bridge during the final stage of funeral processions for slain top general Qasem Soleimani, in his hometown Kerman on January 7, 2020. - Soleimani was killed outside Baghdad airport on January 3 in a drone strike ordered by US President Donald Trump, ratcheting up tensions with arch-enemy Iran which has vowed "severe revenge". The assassination of the 62-year-old heightened international concern about a new war in the volatile, oil-rich Middle East and rattled financial markets. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)
An Iranian mourner holds a placard during the final stage of funeral processions for slain top general Qasem Soleimani, in his hometown Kerman on January 7, 2020. - Soleimani was killed outside Baghdad airport on January 3 in a drone strike ordered by US President Donald Trump, ratcheting up tensions with arch-enemy Iran which has vowed "severe revenge". The assassination of the 62-year-old heightened international concern about a new war in the volatile, oil-rich Middle East and rattled financial markets. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)
Iranian mourners gather during the final stage of funeral processions for slain top general Qasem Soleimani, in his hometown Kerman on January 7, 2020. - Soleimani was killed outside Baghdad airport on January 3 in a drone strike ordered by US President Donald Trump, ratcheting up tensions with arch-enemy Iran which has vowed "severe revenge". The assassination of the 62-year-old heightened international concern about a new war in the volatile, oil-rich Middle East and rattled financial markets. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)
Iranian mourners hold posters of slain top general Qasem Soleimani during the final stage of funeral processions in his hometown Kerman on January 7, 2020. - Soleimani was killed outside Baghdad airport on January 3 in a drone strike ordered by US President Donald Trump, ratcheting up tensions with arch-enemy Iran which has vowed "severe revenge". The assassination of the 62-year-old heightened international concern about a new war in the volatile, oil-rich Middle East and rattled financial markets. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)
An Iranian mourner burns incense during the final stage of funeral processions for slain top general Qasem Soleimani, in his hometown Kerman on January 7, 2020. - Soleimani was killed outside Baghdad airport on January 3 in a drone strike ordered by US President Donald Trump, ratcheting up tensions with arch-enemy Iran which has vowed "severe revenge". The assassination of the 62-year-old heightened international concern about a new war in the volatile, oil-rich Middle East and rattled financial markets. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)
Iranian mourners gather during the final stage of funeral processions for slain top general Qasem Soleimani, in his hometown Kerman on January 7, 2020. - Soleimani was killed outside Baghdad airport Friday in a drone strike ordered by US President Donald Trump, ratcheting up tensions with arch-enemy Iran which has vowed "severe revenge". The assassination of the 62-year-old heightened international concern about a new war in the volatile, oil-rich Middle East and rattled financial markets. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)
Iranian mourners gather around a vehicle carrying the coffin of slain top general Qasem Soleimani during the final stage of funeral processions, in his hometown Kerman on January 7, 2020. - Soleimani was killed outside Baghdad airport Friday in a drone strike ordered by US President Donald Trump, ratcheting up tensions with arch-enemy Iran which has vowed "severe revenge". The assassination of the 62-year-old heightened international concern about a new war in the volatile, oil-rich Middle East and rattled financial markets. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)
Iranian mourners gather during the final stage of funeral processions for slain top general Qasem Soleimani, in his hometown Kerman on January 7, 2020. - Soleimani was killed outside Baghdad airport Friday in a drone strike ordered by US President Donald Trump, ratcheting up tensions with arch-enemy Iran which has vowed "severe revenge". The assassination of the 62-year-old heightened international concern about a new war in the volatile, oil-rich Middle East and rattled financial markets. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)
In this image made from a video, mourners gather to pay their respects to the slain Gen. Qassem Soleimani who was killed in a U.S. airstrike, in Kerman, Iran Tuesday, Jan. 7, 2020. (Iran Press via AP)
Mourners walk back from a funeral ceremony for Iranian Gen. Qassem Soleimani and his comrades, who were killed in Iraq in a U.S. drone attack on Friday, passing a satirical drawing of the Statue of Liberty painted on the wall of the former U.S. Embassy in Tehran, Iran, Monday, Jan. 6, 2020. Funeral ceremonies for Soleimani drew a crowd said by police to be in the millions, on Monday in Tehran, where his replacement vowed to take revenge. (AP Photo/Vahid Salemi)
Coffins of Gen. Qassem Soleimani and others who were killed in Iraq by a U.S. drone strike, are carried on a truck surrounded by mourners during a funeral procession at the Enqelab-e-Eslami (Islamic Revolution) square in Tehran, Iran, Monday, Jan. 6, 2020. The processions mark the first time Iran honored a single man with a multi-city ceremony. Not even Ayatollah Ruhollah Khomeini, who founded the Islamic Republic, received such a processional with his death in 1989. Soleimani on Monday will lie in state at Tehran's famed Musalla mosque as the revolutionary leader did before him. (AP Photo/Ebrahim Noroozi)
In this image taken from video, Iranian Supreme Leader Ayatollah Ali Khamenei, left, openly weeps as he leads a prayer over the coffin of Gen. Qassem Soleimani, who was killed in Iraq in a U.S. drone strike on Friday, at the Tehran University campus, in Tehran, Iran, Monday, Jan. 6, 2020. (Iran Press TV via AP)
A mourner walk back from a funeral ceremony for Iranian Gen. Qassem Soleimani and his comrades, who were killed in Iraq in a U.S. drone attack on Friday, passing graffiti on the wall of the former U.S. Embassy in Tehran, Iran, Monday, Jan. 6, 2020. A push led by pro-Iran factions to oust U.S. troops from Iraq is gaining momentum, bolstered by a Parliament vote in favor of a bill calling on the the government to remove them. But the path forward is unclear. (AP Photo/Vahid Salemi)
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