New Iran sanctions announced: Here's what to know

Summary

CNBC's Eamon Javers reports that the U.S. Treasury is imposing new sanctions on Iran, targeting Ali Larijani, key commanders, and 18 individuals and entities tied to a shadow banking network that launders proceeds from Iranian petroleum and petrochemical sales. Javers says the sanctions tighten the financial spigot on the Iranian regime and are a traditional diplomatic action rather than a military action. He notes the move is not indicative of near-term military action, though it does not rule it out.

• Treasury announces new sanctions on Iran.
• Ali Larijani and key commanders are designated.
• 18 individuals and entities are also sanctioned.
• Treasury alleges a shadow banking network launders Iranian oil proceeds.
• Javers says the action tightens financial pressure on the regime.
• He frames the sanctions as traditional diplomacy, not military action.
• He says the move is not a signal of near-term military action.