TIME

Iran sanctions test U.S. diplomatic power

IT IS FASHIONABLE TO ARGUE THAT U.S. GLOBAL power is fading, but you wouldn’t necessarily know it from Iran. Over the past six months, President Donald Trump has turned the global financial system into a weapon against Tehran, despite resistance from virtually every major world power, and he is getting results. The policy has triggered an exodus of corporations and financial institutions that would rather abandon their investments in Iran than risk U.S. Treasury Department sanctions. On Nov. 5, Trump’s Administration

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