U.S. Treasury Secretary Mnuchin Expects 'New Sanctions on Iran'

Trump faces a Friday deadline on whether to waive sanctions on Iran as part of the 2015 nuclear deal

A Ghadr-H missile (C), and a solid-fuel surface-to-surface Sejjil missile are displayed at Baharestan Square in Tehran, Iran, Sept. 24, 2017.
Vahid Salemi/AP

U.S. Treasury Secretary Steve Mnuchin said on Thursday that he expected U.S. President Donald Trump to impose new sanctions on Iran

"I am expecting new sanctions on Iran," Mnuchin told reporters. "We continue to look at them. We've rolled them out and I think you can expect there will be more sanctions coming." 

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Trump faces a Friday deadline on whether to waive sanctions on Iran as part of the 2015 nuclear deal. A U.S. official said on Wednesday that if Trump waived those sanctions, the administration would impose new, targeted measures against Iranian businesses and people. 

New restrictions could hit some firms and individuals whose sanctions were scrapped under the 2015 nuclear agreement, a decision that could test Tehrans willingness to abide by its side of the bargain.

Trump must decide by Friday to extend the nuclear-related sanctions relief for Irans central bank or re-impose the restrictions that President Barack Obama suspended two years ago.

The old, central bank sanctions largely cut Iran out of the international financial system, and are considered to be the most powerful of the penalties imposed by the U.S. during the Obama era, along with global penalties for buying Iranian oil.

Some Iran hawks want to see both sets of restrictions return, but the six people with knowledge of Trumps plans say the president isnt planning to reinstate either at this point.