Washington imposes new sanctions against individuals and companies linked to Iran

The U.S. Treasury said in a statement that the new sanctions come in response to Iran’s resumption of attacks on international navigation in the Strait of Hormuz and targeted an Iranian businessman whom Washington accuses of managing a global network of assets and investments on behalf of figures in the Iranian regime.

The statement added that the sanctions also included three Iranian exchange companies and several of their officials, noting that these companies transferred billions of dollars annually on behalf of Iranian banks subject to sanctions through a network of shell companies to conceal the Iranian regime’s financial activities.

For his part, U.S. Treasury Secretary Scott Bessent affirmed that his country would continue to use all available tools to isolate Iran’s leadership and officials from the global financial system by continuing to target the financial networks that fund Iran’s activities.

For her part, the U.S. State Department said in a separate statement that “the United States is taking decisive action to cut off the financial lifeline that fuels Iran’s ruling elite” through the imposition of new sanctions.

The statement affirmed that the United States, by directly targeting these networks, is working to hinder the regime’s ability to obtain foreign currency and conduct international financial transactions.

It noted that these measures reflect the commitment of President Donald Trump’s administration to hold accountable anyone who enables the regime to engage in corruption and regional aggression.