US Treasury expands Iran sanctions over ongoing war
The US Treasury imposed new sanctions on 60 Iranian individuals, entities and vessels. Countries that keep trading with Iran risk losing access to the dollar-based financial system.
Why it mattersThe new sanctions could weaken Iran's economy and its ability to fund the war. But isolating Iran too much from global finance might push it closer to China and Russia instead.
AustraliaDisruption to Strait of Hormuz shipping could push up global oil and gas prices, affecting petrol costs and electricity bills for Australian households and businesses.
Corroborated byperthnow.com.au·thenightly.com.au
✓ Claims checked against the source. checked 7 h ago
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