US widens Iran sanctions to choke oil lifelines and international partners

1 min read
Source: Al Jazeera
US widens Iran sanctions to choke oil lifelines and international partners
Photo: Al Jazeera
TL;DR

The US announced sweeping new sanctions on Iran and nearly 60 affiliated entities worldwide to sever Tehran’s oil-revenue networks and isolate Tehran, targeting a multinational procurement web linked to Iran’s nuclear, missile and cyber programs and five sustaining sectors—digital assets, technology, gold, aviation, and shipping. Iran denounced the move; China urged restraint, and Washington signaled it will give partners time to cut ties rather than blow up the global financial system.

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