Trump to impose new sanctions against Iran: report

Trump to impose new sanctions against Iran: report
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The Trump administration is reportedly expected to announce additional sanctions on Iran within the coming week.

The sanctions, which are slated to be announced Wednesday, will significantly impact a new sector of the Iranian economy, Axios reported Sunday, citing two senior administration officials. They did not tell the news outlet which sector would be affected, but said it will not be energy. 

The administration is attempting to limit the country's possibility for growth by restricting economic diversification, officials told Axios. 

The Hill has reached out to the White House, State Department and Treasury Department for comment. 

The Trump administration has had notably cold relations with Iran. President TrumpDonald John TrumpUS-Saudi Arabia policy needs a dose of 'realpolitik' Trump talks to Swedish leader about rapper A$AP Rocky, offers to vouch for his bail Matt Gaetz ahead of Mueller hearing: 'We are going to reelect the president' MORE last year pulled the U.S. out of the Iran nuclear deal, which lifted sanctions on Iran in exchange for restrictions on the country's nuclear program. 

The administration last month also designated Iran’s Revolutionary Guard as a “foreign terrorist organization."

The administration is also expected to put sanctions on Iran's petrochemical industry, the Wall Street Journal reported last week.