US said to mull further Iran sanctions targeting trade with Europe

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The Trump administration is reportedly considering sanctions against an Iranian financial body set up to enable humanitarian trade with Europe, a measure that would likely end any possibility of European countries maintaining economic and humanitarian trade with Tehran.

The new sanctions would focus on the Special Trade and Finance Institute, which Iran set up to work opposite INSTEX, a European system created to enable continued humanitarian trade with Iran despite existing US sanctions, Bloomberg reported Monday.