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U.S. Plans Sanctions on Iran’s Banks and Chinese Entities
The article discusses current American measures to exert pressure on Iran by expanding financial sanctions, focusing on targeting vital sectors that support the country, such as digital assets, gold, technology, aviation, and shipping, with the aim of preventing Iran from using the financial system to increase its revenue. Global markets are facing challenges due to restrictions on navigation through the Strait of Hormuz, which has led to rising energy prices. The unresolved diplomatic conflict between the United States and Iran continues, despite a halt to direct hostile actions. The report indicates that the sanctions include 60 individuals and entities, with exceptions made for major financial institutions in China, in an effort to maintain a balance that does not undermine the economic understandings between Washington and Beijing.
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