Month: August 2026

U.S. Tightens Iran Sanctions on China, Spares Major Banks

http://wealthcreation.clubLeave a comment
🇭🇰 🇨🇳 The Trump administration’s latest Iran sanctions target dozens of individuals and entities in China and Hong Kong under Treasury Secretary Scott Bessent’s “Operation Economic Outcast,” aiming to cut off Tehran’s remaining financial lifelines while deliberately avoiding major Chinese banks to limit broader economic and diplomatic fallout. The move mirrors earlier U.S. enforcement patterns seen in Russia-related sanctions and signals Washington’s intent to raise the cost of doing business with Iran without triggering the systemic risks that would come from sanctioning large Chinese financial institutions.