The US Department of State imposed new sanctions on Tuesday on currency exchange offices, individuals and vessels accused of facilitating financial resources for the Iranian regime.
In a press briefing, State Department spokesperson Tommy Pigott said the US had imposed sanctions on several Iranian regime-linked exchange offices, associated individuals, front companies and 19 vessels.
Pigott said the targeted entities and individuals had assisted the Iranian regime in circumventing international sanctions and financing what he described as destabilizing activities across the Middle East.
He added that the measures, introduced under the “economic pressure” campaign, target covert financial networks and illicit shipping operations that enable Iran to transfer billions of dollars annually from oil and petrochemical sales, providing direct support to the regime’s military operations and regional proxies.
Pigott affirmed Washington’s commitment to dismantling such financial channels to deprive the Iranian regime of resources used to threaten regional stability, support terrorist organizations and develop weapons programs.
The US continues to exert economic pressure on Iran through sanctions and maritime restrictions while signaling the possibility of renewed military action.
