The US has implemented secondary sanctions targeting companies and countries that purchase Iranian oil or hold Iranian funds in their banks, representing a financial approach to geopolitical pressure that mirrors military action through economic means.
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US Sanctions: Economic War or Kinetic Activities? #shortsAdded:
The other thing that we have done, is we have told company, we have told countries that that if you are buying Iranian oil, that if Iranian money is sitting in your banks, we are now willing to apply secondary sanctions, which is a very stern measure, and the Iranians should know that this is going to be the financial equivalent of what we saw in the kinetic activities. Is this an example of expanding economically as opposed to militarily?
Is this another phase Exactly. It's run through the DFC, and we we are waiting for the ships to be able to get some semblance of normality, and then they can come to the DFC and our private sector partners and request the the insurance.
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