3 days ago
- Business
- Wall Street Journal
An Iran Sanctions Pause Dies a Quiet Death
It's remarkable what a little sunlight can do. On Monday these pages reported that White House press secretary Karoline Leavitt, working with the new National Security Council, had instructed the Treasury and State Departments to pause all new sanctions activity against Iran. The news didn't go over well with President Trump, and by Tuesday we heard the pause had been lifted.
On Friday the Administration confirmed it by issuing new Iran sanctions, the first since May 21. Treasury designated 10 individuals and 27 entities from Iran, China, Hong Kong and the United Arab Emirates that it says were involved in a shadow-banking network laundering billions of dollars for the Iranian regime. Pressure, which Iran will need to feel for the U.S. to secure a deal worth making, is back.
