Trump’s Iran remarks spark California outrage

Summary

• The US Treasury Department warned foreign banks and financial institutions that continue transactions with sanctioned Iranian entities that they could face sanctions without prior notice.
• It warned that banks providing financial services to Iranian institutions could be targeted if they help Tehran access the international financial system.
• Foreign institutions could also face restrictions on their access to the US financial system, including limits on correspondent and payable-through accounts.

AI Generated Summary

US President Donald Trump has sparked controversy after appearing to suggest that Iran attacking major US cities could be considered an acceptable cost of maintaining national and global security.

Speaking at a campaign rally in Grand Island, Nebraska, Trump was discussing rising prices linked to the ongoing Iran war when he referred to the possibility of an Iranian attack on an American city. He specifically mentioned Los Angeles and San Diego, saying the potential loss would represent a small price to pay.