Trump Says 'Major' Sanctions on Iran Monday After Drone Downing

President Donald Trump said the U.S. will impose major new sanctions on Iran Monday, days after he abruptly called off a plan for airstrikes against the Islamic Republic based on the concept of proportionality after Iran shot down a U.S. Navy drone.

The sanctions move, announced on Twitter, came as Trump was at the Camp David, Maryland, presidential retreat for meetings and phone calls about Iran. The president foreshadowed the action earlier, in remarks to reporters at the White House.

The president told reporters he intended to impose additional economic sanctions, without offering specifics, and that military action is “always on the table until we get this solved” and that if Iran’s leadership “behaves badly, it’s going to be a very bad day for them.”

He also said that having the Strait of Hormuz open to shipping is less important to the U.S. because of its large domestic oil production, and benefits China, Japan, Indonesia and other countries much more.

“We’ll see with Iran,” he said. “Everyone was saying I’m a warmonger and now they’re saying I’m a dove.” Instead, Trump offered, he is “a man with common sense.”

TICTOC ON SOCIAL:

TicToc by Bloomberg is global news for the life you lead. We are a 24/7 news network that covers breaking news, politics, technology, business and entertainment stories from around the globe, supported by a network of Bloomberg’s 2,700 journalists across 120 countries.