U.S. Warns of Secondary Sanctions Against Foreign Financial Institutions Backing Iran

Deep News
Apr 15

The U.S. Department of the Treasury stated on platform X that "financial institutions should be vigilant," as the United States "is employing all available tools and authorities and is prepared to impose secondary sanctions on foreign financial institutions that continue to support Iran's activities."

The Treasury also indicated that "the short-term authorization permitting the sale of Iranian oil already stranded at sea will expire in the coming days and will not be renewed."

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