U.S. Sanctions All Of Iran's Financial Sector

The sanctions will penalise foreign banks trading with Iranian ones 


The Trump administration has imposed sanctions on 18 "major" Iranian banks in one of the most extensive such moves by Washington against Tehran in months.  

The order will also penalize non-Iranian institutions trading with them, effectively cutting the banks off from the international financial system. 

The US says it is seeking to choke off Iran's access to funds to pursue what it regards as aggressive activities. Iran's UN ambassador accused the US of committing "economic terrorism". 

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