US Treasury’s ‘Economic Fury’ Targets Iran Shadow Banking Facilitators
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The US Treasury has launched a crackdown on Iranian shadow banking facilitators, with the Office of Foreign Assets Control (OFAC) imposing sanctions on certain Iranian financial entities. The move is part of a broader effort to increase economic pressure on Iran, with reports of additional sanctions on companies, vessels, and individuals. The exact scope and details of the sanctions vary across reports, but they appear to be part of a larger campaign to target Iran's economy.
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