Economics
U.S. Opens Channel to Provide Humanitarian Assistance to Iran
- Trump pulled out of nuclear deal with Iran nearly 2 years ago
- Banking channel opened via Switzerland, Treasury says
A woman waits at a bus stop in Tehran.
Photographer: Ali Mohammadi/BloombergThis article is for subscribers only.
The U.S. announced it has opened a banking channel via Switzerland to provide humanitarian aid to Iran, nearly two years after President Donald Trump withdrew from an international nuclear agreement with the Islamic Republic and reinstated severe economic sanctions.
Cancer and organ transplant patients in Iran were the first to benefit from the new channel, the Treasury Department said Thursday. The financial transactions are “subject to strict due diligence measures to avoid misuse by the Iranian regime,” the agency said in a statement on its website.