Chancellor statement on Iran sanctions
The UK Chancellor announced new sanctions against Iran, aligning with US-led efforts to pressure the regime over its nuclear programme and regional destabilising actions.
The UK Government has imposed over 240 sanctions on Iran since taking office, targeting actions that threaten national security and stability. These measures aim to prevent the Iranian regime from using the global economy or UK financial systems to advance its nuclear programme and other destabilising activities. The announcement follows ongoing collaboration with the US and international partners to apply economic pressure on Tehran.
The Chancellor reiterated support for US-led diplomatic efforts to resolve tensions with Iran, including participation in Operation Economic Outcast. This initiative seeks to increase economic pressure on the regime while maintaining channels for potential negotiations. The UK emphasises the importance of a coordinated international approach to address shared security concerns.
The Government stated it will continue working with allies to protect national interests and counter Iran’s regional activities. This includes measures to reopen the Strait of Hormuz and address threats to maritime security, where Iran has previously disrupted shipping lanes. The UK calls for Iran to cease destabilising behaviour and return to diplomatic engagement.
The Chancellor urged Iran to halt its destabilising actions across the Middle East, particularly in the Strait of Hormuz, and engage in good-faith negotiations. The UK’s sanctions and diplomatic stance reflect a dual strategy of pressure and dialogue, aiming to curb Iran’s nuclear ambitions and regional influence while leaving room for a negotiated settlement.