24 Hrs
Source:
المشهد العربي
Washington plans to broaden Iran sanctions
The U.S. Treasury Department is preparing to activate a new package of secondary sanctions against Iran, targeting entities and companies that do business with it, in an effort to increase economic pressure on Tehran and threaten institutions maintaining relations with Iran with financial sanctions and loss of access to the global financial system centered on the dollar. These measures are expected to be announced during a press conference by Treasury Secretary Steven Mnuchin, and the campaign will send a clear message to countries about the necessity of compliance to avoid sanctions. This move is part of President Trump's strategy to tighten sanctions on Iran, amidst a decline in the value of the Iranian rial and a deteriorating U.S. market, coinciding with the major sanctions campaign led by President Trump.
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