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U.S. will make Iran suffer ‘economic asphyxiation,’ Treasury Secretary says

Treasury unveiled sanctions against more than 60 entities on Monday, with Bessent saying the U.S. was focusing on five of Iran’s “most vital lifelines,” including digital assets, technology, gold, aviation and shipping. Bessent also threatened to sanction a major financial institution over Iran ties by the end of this week but didn’t name the target.

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