Washington targets Iran's financial routes
The United States has launched a new round of economic sanctions against Iran, targeting foreign financing networks and money transfer channels used by Tehran to circumvent sanctions. These measures include individuals and entities connected to Iran, as well as branch offices of banks in countries such as the UAE and Hong Kong. The goal is to choke the Iranian economy and reduce its access to the international financial system, which has led to a decline in the national currency's value, increased inflation, falling oil revenues, and challenges in external dealings. Despite Iran's claims of being able to bypass the sanctions, its economy is suffering from a significant downturn in size and in average income per person. The continuing pressure on financing sources and trade has constrained export and import activities and made access to international markets more difficult.
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