U.S. expected to impose new sanctions on Iran’s financial sector – source

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WASHINGTON (Reuters) – The United States is preparing to impose fresh sanctions on Iran’s financial industry as soon as Thursday, a Republican congressional aide briefed on the matter said, as Washington ramps up pressure on Tehran weeks ahead of a key U.S. election.

The move, which would effectively shut Iran out of the global financial sector, comes after the United States last month said it triggered a “snap back,” or resumption, of virtually all U.N. sanctions on Iran, an assertion rejected by key European allies and most U.N. Security Council members including Russia and China.

Tensions between Washington and Tehran have soared since U.S. President Donald Trump unilaterally withdrew in 2018 from the Iran nuclear deal struck by his predecessor and began reimposing sanctions that had been eased under the accord.

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