The U.S. Treasury has issued a warning to a number of banks in Oman, the UAE, and China, threatening secondary sanctions for continuing to do business with Iran, —reports Fox Business
According to the officials in the Trump administration, this is only the first step before imposing secondary sanctions on financial institutions.
If the banks do not respond, they face complete isolation from the U.S. financial system.
One of the side effects of the war on Iran is the escalating of the de-dollarization in Asia.
US Treasury is terrified because if they don't control the world economy by manipulating the value of the US$, then their grip over the world will losen and weakened.
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