NewzOn Monday, the United States issued a formal warning to foreign financial institutions, cautioning that any entities conducting business with Iran or its banking sector risk facing American sanctions. Washington emphasized that institutions continuing to transact with sanctioned Iranian financial institutions could be targeted at any time.
In conjunction with this warning, the US Treasury Department announced a new round of economic penalties. These expanded sanctions specifically target several key sectors of the Iranian economy, including finance, cryptocurrency, rail, automotive, and manufacturing.
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