U.S. to hit Iran with new sanctions in coming days

INSUBCONTINENT EXCLUSIVE:
U.S
Treasury Secretary Janet Yellen on Tuesday warned that the U.S
There may be more that we could do
to export oil and to get the microelectronics needed for the drones it used to attack Israel and was selling to Russia, a senior Treasury
official told reporters.The official said a jump in oil prices had been driven mainly by geopolitical uncertainty, not U.S
around the world
That includes countries in the G7; that includes China
Yemen and Iraq threatened stability in the Middle East and could cause economic spillovers.The United States is using financial sanctions to
500 individuals and entities connected to terrorism and terrorist financing by the Iranian regime and its proxies since the start of the
without giving details.Iran on Saturday launched more than 300 drones and missiles against Israel, its first direct attack on the country,
in retaliation for a suspected Israeli air strike on its embassy compound in Damascus on April 11 that killed elite military
situation has increased fears of open warfare between the longtime foes.In Gaza, more than 33,000 Palestinians have been killed in the
Israeli offensive launched against Hamas after the group attacked Israel on Oct
7, killing 1,200 people and taking 253 hostages, according to Israeli tallies.Yellen said Washington was continuing to use economic tools to
pressure Hamas, but said Treasury was emphasizing that its sanctions should not impede life-saving aid.She called for urgent action to end
Bank, while working to ensure a functioning banking system there and supporting IMF programs in Jordan and Egypt.Source:
Reuters
 -Agencies