US Warns China, Others: Cut Iran Ties Or Risk Dollar System Access
US Treasury Secretary Scott Bessent has issued what he called an "economic D-Day" warning, saying no country or company is beyond the reach of US
US Treasury Secretary Scott Bessent has issued what he called an "economic D-Day" warning, saying no country or company is beyond the reach of US sanctions. The Trump administration has urged nations, including China, to sever business ties with Iran or face exclusion from the dollar-based financial system, escalating Washington's economic pressure campaign against Tehran.
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