Heterodox
Crossing the Rubicon. There is no UN mandate for this. While the US could not directly force SWIFT to cut off Iranian banks, US Secretary of State Mike Pompeo had warned that penalties would be applied to SWIFT and any other firms that refused to comply with the latest sanctions, effectively forcing SWIFT to pick between compliance with US demands or angering top EU officials. It picked the former. Zero HedgeSWIFT Cuts Off Iran Central Bank As Tehran Sells 700,000 Barrels To Anonymous...
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