US warns foreign financial institutions not to do business with Iran
WASHINGTON — The United States on Monday warned foreign financial institutions that if they conducted any business with Iran or its banking sector they could be sanctioned by Washington. "Foreign financial institutions continuing to transact with sanctioned Iranian financial institutions could be targeted at any time without advance notification and should take immediate action to terminate such…
In a recent alert, the US Treasury has cautioned foreign financial institutions against engaging in any commercial activities with Iran or its banking system. Such dealings could result in US sanctions at any time, with no prior warning provided. This stern warning follows the US-led war against Iran, which culminated in the killing of Iran's leadership and a demand for cessation of nuclear activities.
The conflict has spiraled into widespread unrest in the Middle East, with Iran retaliating against US allies in the Gulf, causing a surge in global energy and fertilizer prices due to the virtual shutdown of a vital trade route. Since late August, the US has intensified its economic blockade of Tehran, issuing threats of secondary sanctions to any ally continuing transactions with the Iranian government. The Treasury Department's alert underscores the severity of these economic measures.
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- US warns foreign financial institutions not to do business with Iran freemalaysiatoday.com
- US warns foreign financial institutions not to do business with Iran koreatimes.co.kr
