US authorities are looking to cripple one of Iran’s last remaining links to the global financial system by blacklisting a bank that serves the Islamic Republic of Iran Shipping Lines (IRISL) and many of its affiliates.

David Cohen.
The US Department of the Treasury says it has designated the Middle Eastern nation’s third largest financial institution, Bank Tejarat, for providing financial services to several entities that are already subject to international sanctions for their alleged involvement in the proliferation of weapons of mass destruction.

“Today’s