The US Treasury is warning that sanctions may be imposed on entities complying with Iranian demands when transiting the Strait of Hormuz. Sanctions targeting those involved in Iranian oil transportation are already in place. The Treasury has provided a grace period for other countries to wind down specific trade activities with Iran. Despite these measures, Iran's trading partners reportedly remain unconcerned by US sanctions threats, according to Ghalibaf. Iran's finance minister asserts the country is fully prepared to withstand US sanctions.
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