Following the Iranian drone attack against Israel this weekend, the U.S. House of Representatives is set to vote on Monday on several bills toughening sanctions on Iran, including one aimed at reducing Chinese imports of Iranian crude oil. The bills that will be voted on in an expedited procedure, Bloomberg notes, include the so-called Iran-China Energy Sanctions Act of 2023, which was unanimously approved by the House Financial Services Committee in November. The bill proposes to “impose restrictions on correspondent and payable-through accounts in the United States with respect to Chinese financial institutions ... (full story)