The US Treasury is reportedly preparing to impose new sanctions on Iran following an attack on an Israeli-owned ship in the Gulf of Oman. According to a report by Axios, the Biden administration is considering a response to the incident, which is believed to have been carried out by Iran. The attack on the ship has heightened tensions in the region, with Israel blaming Iran for the assault.
The US has been in close consultation with Israel over the incident, and the Treasury Department is said to be working on a new round of sanctions targeting Iran. The move comes as the Biden administration seeks to address Iran's destabilizing activities in the Middle East.
