Steven Mnuchin: US restoring Iran sanctions part of 'maximum pressure campaign'

Treasury Secretary Steven Mnuchin said Monday that the White House’s action Monday to restore the economic sanctions against Iran that the Obama administration lifted was part of a “maximum-pressure campaign” against Tehran.

“In the early hours of Monday, the Treasury Department will complete its full snapback of sanctions on Iran, targeting the energy, shipping and banking sectors, among others,” Mnuchin wrote in an op-ed for the Financial Times. “We are also adding back hundreds of targets previously removed from sanctions lists, as well as more than 300 new targets. This will end the relief the Barack Obama administration granted in the false hope of a change in the Iranian regime’s behaviour.”