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Event Brief

US sanctions Babak Zanjani’s Iranian financier network

The US imposed new sanctions on Babak Zanjani’s network, increasing economic pressure on Tehran.
WHO: United States
WHAT: Imposed new sanctions on the network of Iranian financier Babak Zanjani
WHEN: Jul 24, 2026 at 11:28 AM ET
WHERE: USA
WHY: To ratchet up economic pressure on Tehran as President Donald Trump threatens a massive attack if Iran does not return to negotiations

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