US Expands Iran Sanctions Omitting China
The United States unveiled new sanctions targeting Iranian economic networks and vessels while holding back on harsher measures against Chinese financial institutions. Treasury Secretary Scott Bessent warned global entities to cut ties with Tehran.
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The United States unveiled 60 new sanctions targeting Iran on Monday afternoon, stopping short of sweeping financial embargoes. The Treasury Department action pressures global economies to sever business ties with Tehran or face exclusion from dollar-based networks. The expansion aims to choke off state revenue without triggering broader systemic shocks.
