The United States will withdraw financial support for groups promoting the economic boycott of Israel, and formally recognize the Boycott, Divestment and Sanctions (BDS) movement as anti-Semitic, Secretary of State Mike Pompeo has announced.

“We will regard the global BDS campaign as anti-Semitic,” Pompeo said, speaking to reporters alongside Israeli Prime Minister Benjamin Netanyahu in Jerusalem on Thursday.

“We will immediately take steps to identify organizations that engage in hateful BDS conduct and withdraw US government support for such groups. The time is right,” Pompeo added. “We want to join all the other nations that recognize BDS for cancer that it is, and we’re committed to combating it. Our record speaks for itself. Under the Trump administration, America stands with Israel like never before,” he stressed.

Responding to the announcement, Netanyahu called the State Department’s decision “simply wonderful”.

In his remarks, Pompeo also promised that President Donald Trump’s “iron-clad commitment” to Israel will continue, including as far as protecting Israel from “the regime in Tehran”, which he dubbed “the foremost state sponsor of terrorism in all the world”.

Pompeo also reiterated the administration’s commitment to escalating sanctions pressure on Iran, including via new sanctions announced Wednesday,