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

President Donald Trump said Saturday that the United States would impose "major" new sanctions on Iran in two days, just hours after saying he would be the Islamic republic's new "best friend" if they were to renounce nuclear arms.

Tensions between the United States and Iran have soared this week after Tehran downed a US surveillance drone.

Trump said Friday that he called off retaliatory military strikes at the last minute because the response was not "proportionate." But he had brandished the threat of sanctions ever since, and has now set a timetable.


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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