U.S. Sanctions Additional Iranian Banks

The Trump administration Thursday blacklisted 18 Iranian banks that remain unsanctioned under its economywide pressure campaign.

The push weeks before the Nov. 3 U.S. presidential election aims to sever the few financial connections Tehran still has to the world by effectively blacklisting the entire sector.

Most of Iran’s financial sector has already been sanctioned, including its central bank. But proponents say that the action could financially asphyxiate the regime by freezing the few foreign currency flows the economy still has and needs to import goods needed to prevent a collapse.

Read the full story and more from The Wall Street Journal.