(Wall Street Journal) Benoit Faucon and Ian Talley - The Trump administration is considering a more aggressive enforcement of its economic sanctions on Iran - targeting more companies and financial institutions that do business with the Islamic Republic in an attempt to cut off lucrative sources of U.S. dollars, U.S. officials said. The new sanctions on banks and businesses would be aimed at choking off trade including Iran's petrochemical and consumer-goods sales. U.S. officials said they are considering more aggressive sanctions against Iran's trade in gold and other precious metals, its purchases of U.S. dollars and its car industry. They are also looking at shell companies and foreign-currency transactions operating in Turkey, the UAE and Iraq as critical financial hubs for Tehran.
2019-05-03 00:00:00Full ArticleBACK Visit the Daily Alert Archive