The Trump administration on Monday released a list of sanctions against hundreds of entities throughout Iran's economy, promising to exert more pressure on the nation's regime.
"The Iranian regime has a choice, it can either do a 180-degree turn from its outlaw course of action and act like a normal country or it can see its economy crumble," said Secretary of State Mike Pompeo at a press conference.
A second round of punishing sanctions on Iran's energy, banking and shipping sectors went into force overnight on Monday.
"Treasury's imposition of unprecedented financial pressure on Iran should make clear to the Iranian regime that they will face mounting financial isolation and economic stagnation until they fundamentally change their destabilizing behavior," said Treasury Secretary Steven Mnuchin in a statement.
"The maximum pressure exerted by the United States is only going to mount from here. We are intent on making sure the Iranian regime stops siphoning its hard currency reserves into corrupt investments and the hands of terrorists."
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