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US Sanctions Hong Kong, Dubai Networks in Iran Crackdown

The US has sanctioned banks and business networks linked to Iran across Iraq, Hong Kong and Dubai, while targeting a Cuban bank in a fresh financial crackdown.reports Asian Lite News Desk The United States has imposed fresh sanctions on financial institutions and business networks linked to Iran across Iraq, Hong Kong, Dubai and other jurisdictions, intensifying the Trump administrations economic pressure on Tehran. The measures target alleged oil revenue intermediaries, foreign-exchange networks and companies accused of helping Iran move money through international financial channels. The US Treasury Department said the networks had moved hundreds of millions of dollars through shell

16 Oct 2026 10:59 am