What Happened
Washington Expands Sanctions On Iranian Economy And Global Partners
The US has warned countries to cut their business ties with Iran or face secondary sanctions as part of an ’economic D-Day’ against Iran’s financial connections. The Treasury Department has announced new sanctions on 60 individuals, entities, and vessels, but stopped short of imposing penalties on countries like China, which remains the biggest buyer of Iranian oil. The move is part of a broader effort to pressure Iran into changing its behavior, and may have significant implications for global trade and energy markets. This development was reported by Reuters.