G7 May Increase Iran Sanctions, Officials Say
Leaders of the Group of Seven (G7) nations have discussed the possibility of imposing additional sanctions on Iran in response to that country’s drone and missile attack on Israel last week, White House National Security Communications Adviser John Kirby said April 15.
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Asked whether the potential sanctions might be designed to stem Iran's lucrative oil exports, Kirby told reporters, "I won't get ahead of economic pressure tools that we might be applying in the future. We're working our way through that."
Biden and his fellow G7 leaders met by videoconference April 14 following Iran’s attack the day before. Afterward, they issued a joint statement condemning Iran’s actions and saying they “stand ready to take further measures now and in response to further destabilizing initiatives.”
European Commission President Ursula von der Leyen said April 14 that additional Iran sanctions might target the country’s drone and missile programs.
Meanwhile, the House of Representatives and the Senate Foreign Relations Committee were both scheduled as of our press time to consider multiple Iran sanctions bills this week.
Among the bills before Senate Foreign Relations is the House-passed Stop Harboring Iranian Petroleum (SHIP) Act, which would impose new sanctions on foreign ports and refineries that process or accept Iranian petroleum (see 2311060014). Among the bills the House is taking up is the No Technology for Terror Act, which would make permanent U.S. export control regulations that prohibit foreign countries from transferring certain U.S. technology to Iran (see 2312140036).