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U.S. Treasury Secretary Scott Bessent called on allies to more forcefully disrupt Iran's financing networks.
Treasury Secretary Scott Bessent announced a review to remove outdated names from the U.S. sanctions list.
KEY POINTS
- The U.S. Treasury's 'Economic Fury' program has frozen nearly half a billion dollars in Iran-linked cryptocurrency.
- Bessent specifically urged European partners to shut down Iranian bank branches, citing ongoing covert activity.
- Treasury is shifting to more targeted, adaptive sanctions, moving away from blanket, long-term measures.
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