On June 24, 2019, President Trump issued an Executive Order (EO) imposing new sanctions on Iranian government officials. The EO prohibits transactions with the Supreme Leader of Iran Ayatollah Ali Khamenei, his office, any government officials appointed by the Supreme Leader, and any directors or officers of designated entities. The EO also authorizes secondary sanctions against foreign financial institutions that conduct significant transactions with the newly blocked persons. These new sanctions will have minimal effect on U.S. businesses, which are already broadly prohibited from dealing with Iran. However, they are intended to further pressure Iranian leadership and third countries that deal with Iran.