US Warns Foreign Banks: Iran Business Risks Sanctions Without Notice

🏦 SECONDARY SANCTIONS — No warning, no grace period: the US just changed the rules for every bank touching Iran. 📌 LOOK CLOSER: "Without notice" removes the compliance window foreign banks relied on to exit Iran exposure before penalties hit. Banks in China, UAE, Turkey — Iran's primary financial conduits — now face snap designations. This is economic siege escalation timed to the pre-midterm pressure campaign: squeeze Tehran's remaining hard currency access before November 3.