Yellen warns Iran nothing 'off the table' as US weighs new sanctions
foxbusiness.comWARNING—GRAPHIC FOOTAGE: The Punaro Group CEO Gen. Arnold Punaro (ret.) discusses the attacks on Israel from Hamas and reacts to the White House being grilled over refreezing the $6 billion from the Iran prisoner swap deal.
Treasury Secretary Janet Yellen said Wednesday the U.S. is not ruling out new sanctions against Iran if evidence emerges that the country was involved in the unprecedented attack on Israel by Hamas militants.
The Biden administration freed up roughly $6 billion in Iranian oil sale revenue as part of a prisoner swap between Washington and Tehran that took place in September. Republican lawmakers have heavily criticized the move amid the recent eruption of violence in the Middle East and have called on the White House to re-freeze the money.
Yellen, speaking at the annual International Monetary Fund and World Bank meetings in Marrakesh, Morocco, said the money has not been spent and could be re-frozen.
LIVE UPDATES: ISRAEL AT WAR WITH HAMAS
Then-outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee meeting in Washington on Dec. 13, 2017. (Reuters/Jonathan Ernst / Reuters Photos)
«These are funds that are sitting in Qatar that were made available purely for humanitarian purposes, the funds have not been touched,» she told reporters. «I wouldn’t take anything off the table in terms of future possible actions, but I certainly don’t want to get ahead of where we are on that.»
IMF SAYS GLOBAL ECONOMY 'LIMPING ALONG' AS IT FACES NEW THREAT FROM ISRAEL-GAZA WAR
Yellen also pushed back against the belief that the U.S. has loosened its sanctions on Iran in recent years.
«We have not in any way relaxed our sanctions on Iranian oil,» she said. «We
Read more on foxbusiness.com
