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U.S. imposes new sanctions on Iran-linked banking network.
The U.S. has imposed new sanctions on 35 entities and individuals linked to Iran’s shadow banking network, targeting systems that allow the transfer of billions of dollars to evade sanctions. Treasury Secretary Scott Bessent warned the funds support Iran’s military, weapons programs, and terrorist activities. Additionally, the UK summoned Iran’s ambassador over inflammatory social media posts, while the European Parliament called for the release of prominent political prisoners.
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