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US hits Iran with further steel, aluminum, copper trade sanctions

SPGlobal - The US has broadened the scope of its sanctions on steel, stainless steel, aluminum and copper trade with Iran in a move to stop imports into the country of specialized metals that it says could be used in Iran's nuclear, ballistic missile and military programs, deemed by the US to pose a grave threat to international peace and security.

US Secretary of State Mike Pompeo late July 30 announced the State Department has identified 22 specific materials that it alleges are used in connection with Iran's nuclear, military, or ballistic missile programs. "Those who knowingly transfer such materials to Iran are now sanctionable pursuant to Section 1245 of the Iranian Freedom and Counter-Proliferation Act," Pompeo said in a statement.

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