Washington: (RightNow). The US has issued a warning to foreign banks involved in financial transactions with Iran. The US Treasury Department states that institutions linked to Tehran’s financial sector may face sanctions.

US officials have clarified that institutions with financial ties to sanctioned Iranian banks should immediately sever these relationships. These institutions could be targeted without prior notice.

Washington warns that entities providing Iran’s financial system access to the global network may also face sanctions. Foreign entities with ties to US institutions or individuals could be affected.

The US has recently expanded sanctions to increase economic pressure on Iran. The automotive, railway, manufacturing, and steel networks in Iran have been targeted.

It is noteworthy that the US is attempting to limit Iran’s financial and trade activities. Washington is pressuring foreign banks to cut ties with Iranian financial institutions.