US’s Bolton says more sanctions on Iran likely

‘There are other things we can do in counterterrorism area’

US National Security Adviser John Bolton said on Thursday that more sanctions were possible on Iran just days after a new round of measures touted as the most punishing ever on Tehran entered into force.

Bolton said two rounds of unilateral US sanctions introduced by President Donald Trump in August and most recently on Monday had had a “quite significant” effect on the Iranian economy and the country’s actions abroad.

“I think that you’re going to see even more sanctions coming into play over time and much tighter enforcement of the sanctions,” Bolton told reporters in Paris.

Asked what would be the target of the sanctions, he replied, “There are other things we can do in the terrorism and counterterrorism area.”

The International Monetary Fund forecasts that the sanctions will cause Iran’s economy to contract 1.5 per cent this year and 3.6 per cent next year - pain that Trump has boasted about.