fintech / news / / The Financial Express
U.S. Treasury Secretary Scott Bessent said on Wednesday night that nations transacting with Tehran amid the war would now face secondary sanctions.
The US will not renew 30-day waivers for India and others to buy Russian and Iranian oil.
KEY POINTS
- Nations transacting with Iran amid the conflict now face possible US secondary sanctions.
- US Treasury warned banks in China, Hong Kong, UAE, and Oman about secondary sanctions for Iranian business.
- The expired waivers allowed 140 million barrels of Iranian oil to enter global markets temporarily.
- Modi and Trump discussed urgent Middle East security and upcoming major US-India energy deals.
COMPANIES
Summarized by Newsio from The Financial Express. How we summarize →