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US Treasury Warns of Dollar-Finance Network Cutoff for Evading Iran Sanctions

CNBC ·

  1. 1Treasury Secretary Bessent warns that those who help Iran evade sanctions and launder funds will be cut off from the US financial network
  2. 2Chinese banks also to be targeted if they assist in monetizing Iranian crude…Before the war, China purchased about 90% of Iran's oil exports
  3. 3China signals it will take all necessary measures…Analysts assess that China seeks to remain within the dollar financial network

This 3-line summary is compiled from the report below.

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