U.S. sanctions Iranians after ballistic missile strikes in Iraq and Gulf states
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Washington — The United States sanctioned Iranian defense companies Wednesday after a spate of ballistic missile attacks on targets in Iraq and the Gulf.
The U.S. and Iran's neighbors blame that country for a March 13 strike on Irbil, Iraq, and for repeated missile strikes into Saudi Arabia and the United Arab Emirates by Iranian-backed Houthi fighters in Yemen.
On Friday, a Houthi missile strike set ablaze a Saudi Aramco oil storage site, prompting warnings from angry Saudi leaders that the attacks threatened the stability of the world oil market.
Stocks look set to surge in early trading on Monday after President Trump postponed an ultimatum for Iran to reopen the Strait of Hormuz, saying that the U.S. is engaged in "good and productive" negotiations with Tehran. Edited by Alain Sherter In:
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