US Expands Iran Sanctions, Warns Countries To Cut Business Ties
By TaiwanPlus
The United States has expanded sanctions aimed at cutting off key economic lifelines for Iran. Treasury Secretary Scott Bessent warned that countries continuing to do business with Iran could face consequences, including potential exclusion from the US-based financial system. The move is part of Washington's broader effort to increase economic pressure on Tehran. Analysts say the measures could also have implications for US-China relations, as sanctions involving Chinese banks could trigger retaliation from Beijing. The development comes ahead of expected talks between US President Donald Trump and Chinese President Xi Jinping next month.
US Expands Iran Sanctions
REPORTER:
The US has expanded sanctions meant to hit Iran’s economy, telling countries to sever business ties with Iran.
US Treasury Secretary Scott Bessent said countries that continue to do business could be forced out of the US-based financial system.
China is the biggest buyer of Iran’s oil. Some experts say Washington is concerned about retaliation from Beijing if Chinese banks become targets of the new sanctions, with Donald Trump and Xi Jinping set to meet next month.
