Bessent unveils sanctions designed to cripple Iran
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What happened
Treasury Secretary Scott Bessent announced on Monday that the U.S. will impose punishing sanctions on countries and entities that do business with Iran — an attempt to bring the country to heel absent renewed military strikes. Why it matters: The move is aimed at ratcheting up pressure on the Iranian regime amid the current "no war, no deal" limbo. U.S. officials say the expanded "secondary" sanctions are expected t…
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Timeline
- First appeared on AxiosAxios