The U.S. Treasury announced an expansion of sanctions against Iran, targeting nearly 60 entities as part of the Trump administration’s strategy to exert economic pressure on Tehran. These sanctions reflect a containment approach targeting Iran’s nuclear ambitions, which Iranian authorities have labeled as « economic warfare. » Notably, major Chinese banks were not targeted, signaling a calibrated U.S. stance to avoid escalating tensions with China. Market pricing indicates that the probability of Iran developing a nuclear weapon before 2027 remains stable at 5%.
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