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New package builds on an extensive sanctions regime against Iran, centred on travel bans and asset freezes over serious human rights abuses. The new measures will be presented as soon as today by foreign policy chief Kallas.
The Treasury announcement comes a day after Trump that he’d been told "on good authority" that plans for executions in Iran have stopped.
The deployment was announced the same day the foreign ministers of Denmark and Greenland met with US Vice President JD Vance and Secretary of State Marco Rubio in Washington.
Trump met with executives oil companies last week to discuss his goal of investing €86 billion in Venezuela to repair and upgrade its oil production and distribution.