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U.S. Sanctions
- U.S. and Israeli forces have been at war with Iran for six months, keeping the Strait of Hormuz closed to commercial shipping.
- War-driven economic collapse has shrunk Iran’s output by one-third, spiking 66% inflation and pushing food, fuel and U.S. gasoline costs higher for households.
- Supreme Leader Mojtaba Khamenei urged action on 66% inflation, unemployment and prices.
- Treasury Secretary Scott Bessent announced sanctions, rejecting secondary China sanctions over risk.
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