Economics
U.S. Weighs More Iran Sanctions Over Potential Trade With Europe
- Iran’s Special Trade and Finance Institute could be targeted
- Move would exacerbate tensions with Europe over Iranian trade
National flags of Iran fly above the Modarres highway in Tehran, Iran, on Saturday, Aug. 4, 2018.
Photographer: Ali Mohammadi/BloombergThis article is for subscribers only.
The Trump administration is weighing sanctions against the Iranian financial body set up as a go-between for humanitarian trade with Europe, a move likely to sever the economic and humanitarian lifeline that France, Germany and the U.K. have sought to create for Tehran.
The U.S. measures would target the Special Trade and Finance Institute, which Iran established as a counterpart to the European mechanism known as Instex, according to a senior administration official who asked not to be identified discussing internal deliberations.