US preparing new sanctions against Iran: report

Secretary of State John Kerry (L) and Treasury Secretary Jacob Lew pictured July 29, 2015 during discussions of the Iran nuclear deal in Washington, DC, are reportedly weighing new sanctions tied to Iran's missile programThe United States is preparing sanctions against firms and individuals in Iran, Hong Kong and the United Arab Emirates over alleged links to Iran’s ballistic missile program, the Wall Street Journal reported Wednesday. Such a move would be the first American sanctions against Iran since Tehran signed a nuclear deal with world powers in July that will eventually see Washington drop separate sanctions targeting that program. According to the Journal, the Treasury Department is preparing sanctions on two Iran-linked networks helping develop the missile program.

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