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Trump says US to hit Iran with 'major' new sanctions Monday

• https://www.timesofisrael.com, By AFP

US President Donald Trump said Saturday that the United States would impose "major" new sanctions on Iran in two days — a move sure to exacerbate tensions with the Islamic republic inflamed by the downing of a US spy plane.

Trump tamped down the threat of military action on Friday, when he called off retaliatory strikes at the last-minute because the response was not "proportionate" to the drone's destruction over the Strait of Hormuz.

But he had said military action is still an option and brandished the threat of sanctions ever since.

Now, he has set a timetable for fresh punitive economic measures to heap more pressure on an Iranian economy already reeling from the sanctions in place since Trump withdrew from an international nuclear deal with Tehran.

"We are putting major additional Sanctions on Iran on Monday," Trump tweeted.

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