US Treasury holds talks with global banks to tighten Iran sanctions

The US Treasury Department has confirmed it is holding meetings with global financial institutions to advance the process of economically isolating Iran.

The department added that it has provided these institutions with information aimed at cutting off Iran's sources of revenue, according to Al Arabiya.

These efforts come as part of broader US economic pressure on Iran, coinciding with a maritime blockade imposed to deter attacks on ships passing through the Strait of Hormuz and to halt threats to the region.