Trump Sanctions Iran Shadow Banking Network, Warns China's 'Teapot' Refineries | Spotlight
The United States has expanded its economic crackdown on Iran by sanctioning 35 individuals and entities linked to its shadow banking network. Washington also warned Chinese 'teapot' refineries continuing to buy Iranian oil, signalling a broader targeting of China-linked networks. US officials say the move aims to cut off billions in revenue used for military and regional activities. The Strait of Hormuz has emerged as a key flashpoint, with warnings over payments for safe passage. As talks remain stalled, the Trump administration is intensifying pressure to force Tehran into negotiations on its terms.---
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