Trump imposes fresh sanctions on Iran after shoot-down of Navy drone

President Trump imposed new “hard-hitting” sanctions on Iran Monday, following Tehran’s shoot-down of a U.S. Navy surveillance drone in international airspace last week.

“We will continue to increase pressure on Tehran,” Mr. Trump said as he signed an executive order in the Oval Office. “Never can Iran have a nuclear weapon.”

The U.S. has already imposed a series of tough economic sanctions on Iran, including severe limits on its oil exports. The new sanctions, which the president described as “hard-hitting,” will deny Supreme Leader Ayatollah Ali Khamenei and others access to financial networks.

Mr. Trump, who called off a planned military strike against Iranian installations last week, said he doesn’t want war with Tehran.

“We do not seek conflict with Iran or any other country,” Mr. Trump said. “I can only tell you we cannot ever let Iran have a nuclear weapon. I think a lot of restraint has been shown by us but that doesn’t mean we’re going to show it in the future.”