The Trump administration on Thursday slapped sanctions on 18 Iranian banks, further crippling the Iranian economy and stripping its access to the global financial system.
Iran’s entire financial sector is now subject to U.S. sanctions, according to the Treasury Department.
The new sanctions will stop Iran from accessing U.S. dollars, the primary global currency used by most financial institutions. All of the banks were identified as supporting Iran’s nuclear program, missile development, global terrorism enterprise, and its network of terror proxy groups, according to the Treasury Department…
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