US Treasury preparing new Iran sanctions after Israel attack

US Treasury Secretary Janet Yellen is preparing fresh sanctions on Iran in response to Iran's attack on Israel, Axios reported on Tuesday, citing a copy of her remarks, Report informs, citing Reuters.

"Treasury will not hesitate to work with our allies to use our sanctions authority to continue disrupting the Iranian regime's malign and destabilizing activity," Yellen is prepared to say Tuesday, as per the Axios report.

"The attack by Iran and its proxies underscores the importance of Treasury's work to use our economic tools to counter Iran's malign activity," she will further say, Axios reported.