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Treasury Secretary Scott Bessent outlined a sweeping new sanctions framework Monday designed to eliminate Iran’s access to all major revenue channels. The initiative represents an intensified effort by the U.S. government to restrict the nation’s financial resources and economic capacity.
The announcement underscores the Biden administration’s commitment to tightening financial constraints on Tehran through coordinated economic measures. Officials characterized the expanded sanctions as closing previously exploited loopholes that allowed revenue generation across multiple sectors.
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