The TOI correspondent from Washington: As the war against Iran drags on, the Trump administration on Monday announced an effort intended to cut Tehran off from the global economy. Treasury secretary Scott Bessent said, “We are launching an economic onslaught against Iran’s financial connections around the globe. Our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone. We are going to hold everyone accountable, and this is economic asphyxiation of this regime.”
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