U.S. Weighs Additional Iran, Hamas Sanctions Amid Israel-Gaza Conflict As It Monitors Economic Fallout
- Treasury Secretary Janet Yellen says nothing is off the table regarding potential new U.S. sanctions on Iran and Hamas.
- Yellen defends Israel's actions in Gaza and dismisses claims that current Iran sanctions are too lenient.
- Unfreezing $6 billion in Iranian funds in exchange for hostages could be reversed if Iran's involvement in Hamas attack is confirmed.
- The Israel-Gaza crisis poses challenges for the global economy and U.S. efforts to curb inflation and volatile energy prices.
- Yellen believes the U.S. economy can still achieve a soft landing but is monitoring the potential economic impacts of the conflict.