US expands sanctions targeting Iran oil, cryptocurrency sectors
Treasury Secretary Scott Bessent said the department had also frozen $130 million held in digital wallets linked to Iran’s central bank, hitting a sector that has seen increased activity since the start of the war.
Andrew Harnik/Getty Images/AFP (Photo by Andrew Harnik / GETTY IMAGES NORTH AMERICA / Getty Images via AFP) The United States on Tuesday expanded its sanctions targeting Iran’s oil sector, taking further aim at the network of petroleum shipping magnate Mohammad Hossein Shamkhani, the Treasury Department said.“This action is part of Treasury’s ongoing efforts to ramp up economic pressure on the Iranian regime after it resumed destabilizing attacks in the Strait of Hormuz,” the Treasury Department said in a notice Tuesday.
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