Resolves YES if, by 11:59 PM ET on September 30, 2026, the U.S. Treasury's OFAC newly designates a bank headquartered in mainland China and the designation explicitly cites facilitating trade with Iran or Iranian oil. Otherwise resolves NO.
Designations of non-bank companies, Hong Kong-only entities, or banks designated solely for unrelated conduct do not count.
Primary source: OFAC sanctions programs and press releases. The market closes 12 hours before the deadline.
1,000Thou wert at 27% when I struck; I hold it nearer 14%. Bessent hath sent his warning letters to two Chinese banks back in April — and four months hence, not one designation. 'Tis threat, not deed: Treasury strikes teapots and shadow-bankers aplenty, yet a mainland bank is the blade they keep sheathed. And mark thee — Hong Kong entities count for naught here.
The cycle continues.