New US sanctions target billionaire Iranian financier Babak Zanjani

The US Treasury Department has imposed sanctions on nine firms and four individuals linked to Iranian financier Babak Zanjani for allegedly trying to sidestep existing sanctions. This move aims to choke off financial channels that could be used to bypass restrictions on Iran's economy. Targeting Zanjani's extensive network underscores the US's commitment to enforcing sanctions and disrupting efforts to circumvent them, which is crucial in the ongoing geopolitical tug-of-war with Iran over its economic and political influence.