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Story summary
- U.S. President Donald Trump pledged to inflict damage on Iran after Treasury Secretary Scott Bessent announced upcoming restrictions.
- Bessent said the restrictions could target Iranian oil shippers, currency exchangers and platforms handling $500 billion in Iran-linked cryptocurrency.
- The Senate passed a sanctions bill that adds Iran sanctions, would give Trump tariff powers, and could impose secondary sanctions on Chinese refiners that process a quarter of Iran’s oil, pending House approval.
