# The Treasury sent letters to China, Hong Kong, the United Arab Emirates, and Oman seeking their cooperation.

*business · news · 2026-04-14 · Washington Examiner*

## Key points

- The Treasury sent letters to China, Hong Kong, UAE, and Oman about banks aiding Iran.
- Iran processed at least $9 billion through U.S. correspondent accounts in 2024 using front companies.
- The U.S. is letting its waiver for the sale of Iranian oil expire on April 19.
- The Treasury urged foreign banks to identify and cease Iran-related financial activity, including through front companies.

**Countries:** China, Hong Kong, United Arab Emirates, Oman, Iran, United States

[Read the full story on Washington Examiner](https://www.washingtonexaminer.com/news/4528942/treasury-banks-iran-economic-fury-sanctions/)

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