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US National Security Advisor Jake Sullivan’s announcement came after Treasury Secretary Janet Yellen indicated punitive measures were in the works, and European Union foreign policy chief Josep Borrell said his office was working on it.
Iran sent more than 300 missiles, drones, and rockets at Israel over the weekend, in what it said was retaliation for a deadly strike on Tehran’s consulate in Damascus. Nearly all of the projectiles were intercepted, and there was little damage.
“In the coming days, the United States will impose new sanctions targeting Iran, including its missile and drone program” as well as the Revolutionary Guards and the Iranian defense ministry, Sullivan said in a statement.
“We anticipate that our allies and partners will soon be following with their sanctions,” he added.
“These new sanctions and other measures will continue a steady drumbeat of pressure to contain and degrade Iran’s military capacity and effectiveness and confront the full range of its problematic behaviors.”
US authorities have been using economic tools to counter Iran’s activities, aiming for its drone and missile programs, as well as its financing of groups like Hamas, which launched its attack on Israel on October 7.
Earlier, Yellen previewed the sanctions, telling reporters: “Iran’s actions threaten the region’s stability and could cause economic spillovers.”
The Treasury will not hesitate to work with US allies to “use our sanctions authority to continue disrupting the Iranian regime’s malign and destabilizing activity,” she said.
She added that “all options to disrupt terrorist financing” will be on the table.
