Not ruling out new sanctions on Iran, says Janet Yellen

US Treasury Secretary Janet Yellen said the Biden administration hasn't ruled out new sanctions against Iran in relation to renewed conflict in the Middle East, but no decisions have been made.

"I wouldn't take anything off the table in terms of future possible actions, but I certainly don't want to get ahead of where we are now," Yellen said during a press conference in Marrakech, Morocco.

Following the surprise Oct. 7 attack on Israel by Hamas militants, for which Iran has voiced its approval, speculation has grown over whether the US would tighten its restrictions on Iranian oil exports.


Speaking to reporters at the annual meetings for the International Monetary Fund and World Bank, Yellen said the US focus is currently on the humanitarian aspects of the crisis.