Iran TerrorismSenator Cruz Proposes Using Frozen Iran Assets to Pay...

Senator Cruz Proposes Using Frozen Iran Assets to Pay for Drone

-

United States Senator Ted Cruz (Republican)

By Jubin Katiraie

United States Senator Ted Cruz (Republican) proposed a bill on Monday to seize the hundreds of millions of dollars in frozen Iranian bank accounts and use the money to pay for the American military drone that was shot down by Iran on Thursday.

The Texas Senator’s legislation would first require the Donald Trump administration to assess the cost of the drone, which is thought to be between $120 million and $220 million.

This proposal was made public just hours after Trump signed an executive order that restricted access by Iranian Supreme Leader Ali Khamenei and senior military figures to their financial resources and blocked their access to any financial assets, including bank accounts, property, etc, under US jurisdiction.

Treasury Secretary Steve Mnuchin said that the new sanctions mean the US has “literally locked up tents and tens of billions of dollars”.

Drone downing

The US said that the Navy RQ-4A Global Hawk was shot down in international airspace over the Strait of Hormuz on Thursday, while Iran claims that the drone was over Iran and that they would not hesitate to shoot down drones that violate Iranian airspace. However, Trump has said that the US has proof that the drone was over international waters when it was shot down.

Trump planned a military strike against Iran in relation, but after finding out it would kill 150 people, decided that it was not a proportional response, hence the sanctions.

Cyber attack

On Monday, it was revealed that the US military carried out a cyber-attack against Iran on Thursday as Trump rejected the airstrike plans.

According to Fox News, sources said that US Cyber Command launched the cyber-attack, which targeted the Iranian intelligence and radar installations that were used to down the drone.

Iran reportedly shut down some of its military radar sites around the time that the US was supposed to launch retaliatory strikes, but it is not certain whether the cyber-attack turned those radar sites off or if Iran shut them off deliberately in anticipation.

While on Saturday, the US Department for Homeland Security warned that Iran would likely increase its cyber-attacks on the US.

Christopher Krebs, the director of the Cybersecurity and Infrastructure Security Agency, said that “malicious cyber activity” was being directed at US government agencies and private companies by “Iranian regime actors and their proxies”.

He said they were using “destructive ‘wiper’ attacks”, “spear phishing, password spraying, and credential stuffing”.

Latest news

Iranian Merchants Facing 60% Decline in Sales Due to Presence of Morality Police

Discontent among merchants due to a 60% decrease in sales attributed to the presence of the morality police, exerting...

Dire Living Conditions of Iranian workers on International Labor Day

On the occasion of International Workers' Day, May 1, the dire economic conditions of Iranian workers have reached a...

Only One-Fifth of Iran’s Annual Housing Needs Are Met

Beytollah Setarian, a housing expert, said in an interview that Iran needs one million housing units annually, but only...

Resignation, Job Change, and Nurse Exodus in Iran

The state-run Hame-Mihan newspaper has addressed the problems of the healthcare workforce in Iran, examining issues such as resignations,...

International Monetary Fund: Iran Needs “$121 Oil” to Avoid Budget Deficit

The International Monetary Fund (IMF) states in its latest quarterly report that the Iranian government needs the price of...

Alarming Rise in Suicide Rate Among Iranian Physicians

Mohammad Mirkhani, a social consultant of the Medical Council Organization, considered the difficult working conditions of physicians in Iran...

Must read

Iran says most of its oil is not sold in dollars

Reuters: Most of Iran's oil sales take place in...

Iran’s Expert: The Purpose of US Sanctions Is Regime Change

Iran Focus London, 28 Jul - Fouad Izadi, an Iranian...

You might also likeRELATED
Recommended to you

Exit mobile version