Treasury Secretary Janet Yellen is preparing fresh sanctions for Iran, vowing that the U.S. “will not hesitate” to inflict economic punishment in response to the Islamic Republic’s unprecedented attack on Israel.
Why it matters: President Biden is urging Israeli Prime Minister Benjamin Netanyahu to exercise military restraint. But in the economic sphere, the administration is demonstrating a willingness to retaliate against Iran.
Great job, give Iran less reasons to respond to provocation in a measured manner with forewarning. If you’re going to punish them anyway don’t be mad when they decide to earn the punishment.