Economy News – Update
On Thursday, the United States announced the imposition of sanctions targeting individuals and vessels involved in transporting Iranian oil to China.
According to the US Treasury, these sanctions are aimed at thwarting the flow of millions of barrels of Iranian crude oil that are shipped annually to China.
This action follows a commitment by President Donald Trump to restrict Iranian oil exports significantly as part of the broader strategy to prevent Iran from acquiring nuclear weapons.
Earlier this week, President Trump signed a presidential decree reinstating a policy of “maximum pressure” on Iran.
The decree instructs the US Treasury to enact measures that will exert maximum economic pressure on Iran, particularly through sanctions that disrupt the country’s oil export capabilities.
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