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US to tighten Iran sanctions, warning UAE banks and firms not to do business with Tehran

The sunrise reflects on city skylines at the Marina and Jumeirah Lake Towers districts in Dubai, United Arab Emirates, Feb. 27, 2021. (AP Photo/Kamran Jebreili)
The sunrise reflects on city skylines at the Marina and Jumeirah Lake Towers districts in Dubai, United Arab Emirates, Feb. 27, 2021. (AP Photo/Kamran Jebreili)

The United States is making moves to tighten the enforcement of sanctions on Iran, the State Department says.

The US is sending a senior delegation to the United Arab Emirates to issue a warning to banks that conduct business with Tehran and are not complying with sanctions, the Reuters news agency reports.

According to the Wall Street Journal, the delegation will also meet with petrochemical companies and other private firms doing billions of dollars’ worth of business with Tehran.

The delegation is set to include the head of the US Treasury’s Office of Foreign Assets Control, Andrea Gacki.

A State Department spokesperson tells Reuters that the US has proof of noncompliance, and that there could be sanctions or penalties. There is no immediate comment from the UAE on the matter.

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