US plans to widen Iran sanctions

Reuters reported that the U.S. Treasury Department is considering expanding secondary sanctions on entities and countries that trade with Iran. This move aims to deliver a final warning to nations to sever their commercial ties with Tehran, as part of the Trump administration’s efforts to ramp up economic pressure on Iran. The goal is to contribute to ending a nearly six-month-long dispute that has disrupted navigation in the Strait of Hormuz and affected the Gulf energy export lines.

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