US limits Iran's financial allies excluding China
The administration of U.S. President Donald Trump has announced plans to expand economic sanctions against countries that do business with Iran, aiming to cut financial ties with the country. However, no new sanctions have been effectively imposed so far. Washington's strategy focuses on targeting vital sectors that support Iran's economy, including digital assets, gold, technology, aviation, and shipping. The primary goal is to prevent Iran from using the international financial system and funding channels for its military programs. Additionally, the threats include imposing restrictions on financial and industrial institutions in China, the UAE, and Singapore, with an emphasis on avoiding disruption to existing agreements with China—particularly regarding the flow of rare metals and tariffs. Global markets are experiencing rising energy prices, mainly due to navigation restrictions in the Strait of Hormuz. The economic conflict between Washington and Tehran has continued for more than six months without any clear resolution in sight, amid ongoing sanctions against over a thousand individuals, ships, and aircraft.
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