US Targets Iran Financial Network with New Sanctions

The US Treasury Department has imposed new sanctions on a network of Iran-linked companies, exchange houses, and financial facilitators accused of helping Tehran move hundreds of millions of dollars through the international financial system.

The targeted network is described as being used to evade sanctions imposed on Iran, with purchases of Iranian oil by 'Teapot refineries' providing a key economic lifeline for the Iranian government.

Treasury Secretary Scott Bessent emphasized that these measures are part of a broader effort to restrict Iran's access to international financial channels and disrupt revenue streams that Washington says support Tehran's activities.