- The latest action reflects continued US efforts to pressure Iran’s financial system and restrict access to international markets.
The United States has imposed new sanctions targeting a network of currency exchange firms, shell companies, banks, and financial intermediaries accused of helping Iran transfer hundreds of millions of dollars through the global financial system.
The US State Department said the network enabled Tehran to access oil revenues and bypass sanctions by using front companies to conceal financial transactions and move funds internationally.
The measures are part of the Trump administration’s “maximum pressure” campaign aimed at restricting Iran’s financial resources, which Washington says are used to support regional destabilizing activities, terrorism, and military programs.
The State Department warned that individuals and entities assisting Iran in evading sanctions would face “serious consequences.”
US Treasury Secretary Scott Bessent has also pledged to pursue Iranian assets worldwide as part of the campaign. Earlier sanctions targeted a network linked to Iranian financier Babak Zanjani, which Washington accused of laundering oil revenues, hiding ownership structures, and transferring funds through Iran and overseas entities, including transactions connected to wallets linked to the Islamic Revolutionary Guard Corps (IRGC).
The latest action reflects continued US efforts to pressure Iran’s financial system and restrict access to international markets.
