Treasury: US banks won’t be sanctioned over humanitarian aid to Iran

The U.S. Treasury has stated that banks processing payments for humanitarian aid to Iran will not face penalties due to U.S. sanctions.Foreign banks will not be punished for funding health and medical supplies, U.S. officials said. These supplies include items such as hand sanitizer, ventilators and personal protective equipment (PPE), all of which are essential to mitigating the coronavirus pandemic.Like much of the world, Iran saw a large…