As Iran Threatens Retaliation Against U.S., Trump Plans New Sanctions

Sep 18, 2019 - Fortune

President Donald Trump said Wednesday morning that he plans to “substantially” increase sanctions on Iran.

“I have just instructed the Secretary of the Treasury to substantially increase Sanctions on the country of Iran!” Trump tweeted.

Trump’s tweet comes after the U.S. accused of Iran of carrying out attacks Saturday on an oil field in Saudi Arabia.

I have just instructed the Secretary of the Treasury to substantially increase Sanctions on the country of Iran!

Meanwhile, Iran had warned the U.S. earlier that it will retaliate “immediately” if Tehran is targeted over a weekend attack on Saudi oil installations, its state-run news agency reported Wednesday, further rais...