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US Sanctions 35 Individuals, Entities To Dismantle Iran's Shadow Banking
US Sanctions 35 Individuals, Entities To Dismantle Iran's Shadow Banking
Authored by Kimberly Hayek via The Epoch Times (emphasis ours),
The U.S. Treasury Department on April 28 imposed sanctions on 35 individuals and entities accused of running Iran’s secret shadow banking network.
US Treasury Secretary Scott Bessent speaks during a press briefing in the Brady Briefing Room at the White House in Washington, on April 15, 2026. Brendan Smialowski/AFP via Getty Images
Treasury has accused the network of transferring tens of billions of dollars to help Iran dodge U.S. sanctions and finance terrorism.
The...
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From Leverage To Liability: The Hormuz Strait Is Now Iran's Biggest Weakness
From Leverage To Liability: The Hormuz Strait Is Now Iran's Biggest Weakness
Authored by Daniel Lacalle,
For half a century, the Strait of Hormuz was Iran’s weapon. Today, it is its noose.
The mathematics of energy have flipped, and with them the balance of coercive power in the Persian Gulf.
Iran’s implicit deterrent was geographic, spanning from the tanker wars of the 1980s to the sanctions standoffs of the 2010s. Almost 20% of global seaborne oil, and a similar share of liquefied natural gas, passes through the Strait. The formula was simple:...
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