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US preparing fresh sanctions on Iran

US preparing fresh sanctions on Iran

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Date: 31 December 2015 03:12

The Obama administration is preparing to sanction nearly a dozen companies and individuals in Iran, Hong Kong and the United Arab Emirates for their role in developing Iran's ballistic-missile program, the Wall Street Journal reported, citing United States officials.

Senior United States officials have said the Treasury retained a right under the nuclear agreement to blacklist Iranian entities allegedly involved in missile development as well as those that support international terrorism and human-rights abuses, the Journal said.

Iran violated a U.N. Security Council resolution in October by test-firing a missile capable of delivering a nuclear warhead, a team of sanctions monitors said, leading to calls in the U.S. Congress on Tuesday for more sanctions on Tehran.

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