U.S. to Impose Sanctions to Choke Off Iran’s Financial Sector
- Measures targeting banks to be unveiled as soon as Thursday
- Move aimed at hindering possible return to 2015 nuclear deal
This article is for subscribers only.
The Trump administration plans to impose sanctions as soon as Thursday on Iran’s financial sector to further choke off its economy from the outside world, according to people familiar with the matter.
The move would effectively leave Iran isolated from the global financial system, slashing the few remaining legal linkages it has and making it more dependent on informal or illicit trade. Earlier rounds of U.S. sanctions have crushed its economy by curbing oil sales and most other trade.