Joe Biden Unleashes New Sanctions on Iran After Israel Attack [Video]

• The United States of America and its allies united to put economic pressure on Iran after the attack on Israel
• The sanctions were directed at five companies supplying materials to Iran’s Khuzestan Steel Company
• Social media users are buzzing with reactions and debate about the monetary squeeze Iran is facing

The United States announced new sanctions on Iran in response to its recent attack on Israel.

President Joe Biden and G7 leaders asserted their commitment to ramping up economic pressure on Tehran.

Steel companies face penalties

Treasury’s latest sanctions target key players in Iran’s steel production chain. According to SABCNews, Five companies, operating across various jurisdictions, face penalties for providing materials to Iran’s Khuzestan Steel Company (KSC).

Iran’s automotive industry takes a hit

The sanctions are also aimedat Iran’s automotive sector. …