Reuters: US Treasury's Scott Bessent to announce more sanctions on Iran
The United States (US) Treasury is expected to broaden the scope of secondary sanctions it can impose on entities and countries that maintain business ties with Iran, reports Reuters.
US Treasury Secretary Scott Bessent is set to disclose expanded secondary sanctions against Iran during a press conference on Monday at 17:00 GMT, according to Reuters. The United States government intends to curtail Tehran's commercial ties with this move, aiming to curb the ongoing conflict in the region and enforce restraint on traffic through the Strait of Hormuz. The US Administration's goal is to exert greater pressure on Iran to limit its actions.
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