Remember that Mnuchin dropped other sanctions on Deripaska and that sanctions on Iranian metal will profit Russian metals industries among others. Trumpian activity including his occasional premature announcements about financial sectors and stock markets, alters global speculative actions and price levels, among other things like tariffs’ unintended effects.
In this case it is more about increasing dog-wagging tensions to prod Iran into some military provocation.
The Trump administration on Wednesday announced fresh sanctions targeting Tehran as both countries escalate their rhetoric over Iran's nuclear ambitions.
The White House announced sanctions on the steel, aluminum and copper sectors of the country hours after Iran said it would stop complying with certain parts of the Obama-era nuclear agreement.
President Trump's executive order imposing new sanctions on Tehran also came on the 1-year anniversary of his announcement that he would withdraw the U.S. from the Iran nuclear deal.
thehill.com/...