The White House has delayed imposing new financial sanctions on Iran over its ballistic-missile program, The Wall Street Journal reported on Thursday. On Wednesday, the Journal, citing US officials, said the Obama administration was preparing to sanction nearly a dozen companies and individuals in Iran, Hong Kong and the United Arab Emirates for their role in developing Iran's ballistic-missile program.

The US sanctions were expected to be formally announced this week, the newspaper said. Sources familiar with the situation confirmed to Reuters that the United States was preparing sanctions. The Obama administration is committed to combating Iran's missile program and the sanctions being developed by the US Treasury Department remain on the table, the Journal reported on Thursday, citing US officials. But US officials offered no definitive timeline for when the sanctions would be imposed, the newspaper said. At one point, they were scheduled to be announced on Wednesday morning in Washington, according to a notification the White House sent to Congress, the Journal reported.

Copyright Reuters, 2016