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World· International Relations

How the U.S. Is Targeting Iran's Oil Money

The U.S. Treasury on September 4 added Istanbul-based Golden Global Yatirim Bankasi Anonim Sirketi and two Golden Global subsidiaries to its Specially Designated Nationals list, accusing them of helping Iran move oil revenue and giving the Islamic Revolutionary Guard Corps-Quds Force (IRGC-QF) access to international banking. The designation severs the firms from the U.S. financial system while authorizing a limited wind-down of transactions through a general license.

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