Date
29 May 2017
Raytheon is among the American defense companies that have been targeted by Iran in tit-for-tat sanctions on the US. Photo: Bloomberg
Raytheon is among the American defense companies that have been targeted by Iran in tit-for-tat sanctions on the US. Photo: Bloomberg

Iran hits back at US with sanctions on 15 American firms

Iran has sanctioned 15 American firms in retaliation for restrictions that the Trump administration imposed on companies and people allegedly connected with Teheran’s ballistic-missile program.

According to an announcement Sunday, the sanctions mainly targeted American defense companies, including Raytheon, Magnum Research, and Lewis Machine and Tool Co, accusing them of helping Israel and contributing to regional instability, the Wall Street Journal reports.

Iran’s official Islamic Republic News Agency referred to the sanctions as a reciprocal act, without going into detail.

But the move came after the US last month sanctioned more than two dozen people and entities in connection with Iran’s recent ballistic missile test. 

Teheran had vowed reciprocal action soon after the announcement, one of several escalations between Iran and the US since President Donald Trump took office in January.

During the Obama administration, Iran reached a nuclear deal with six world powers including the US that edged toward repairing a long-frayed relationship.

Trump, however, promised to rip up the nuclear deal during his campaign. Last month, he tweeted that Iran was “on notice” over its ballistic-missile program.

Iran was also among the Muslim-majority nations whose citizens were barred from entering the US under two executive orders that the Trump administration said aimed to keep terrorists out.

Those orders have been stayed by federal judges.

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RA/RC

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