Treasury Sec. Mnuchin says it looks like Iran sanctions are working: CNBC [MarketWatch]
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Source: MarketWatch
Treasury Sec. Mnuchin says it looks like Iran sanctions are working: CNBC Heated comments by Iran officials in response to sanctions on the Islamic Republic earlier this week mean those measures are probably "working," said U.S. Treasury Secretary Steven Mnuchin, in an interview with CNBC on Wednesday. Iran has referred to sanctions announced Monday on Supreme Leader Ayatollah Ali Khamenei and other officials as "outrageous and idiotic," , while Iran's UN ambassador said the door was closed to talks with the Trump administration. "That must mean that they are working if they are this upset about these sanctions. That's an acknowledgement that they are working," Mnuchin said. Tensions between the two nations have driven up crude prices, with West Texas Intermediate crude for August CLQ19, +1.85% up nearly 10% gain for the month of June so far.
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