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US Sanctions Iran Amid Escalating Tensions | Pakistan News
The U.S. just unleashed fresh economic sanctions on Iran, targeting 60 entities and warning businesses that staying in the Iranian economy could mean exclusion from the global dollar system. Iran’s economy minister calls it an “economic attack” and vows retaliation, including possible strikes on energy routes. Military officials warn of severe consequences if infrastructure is hit. While the Treasury offers a grace period for compliance, it’s holding off on penalizing Chinese banks—seen as key players in Iran’s oil trade—to avoid destabilizing the global financial system. This escalation…
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