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US issues fresh Iran-related sanctions as conflict flares

The United States has imposed new sanctions on Iran's financial networks. These sanctions target a key financier for Mojtaba Khamenei and other individuals. This action follows recent attacks on commercial oil tankers in the Strait of Hormuz. The United States aims to disrupt Iran's access to foreign currency and international finance. These measures are intended to isolate Iran's ruling elite from the global financial system.

11 Jul 2026 6:40 am