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The US Treasury has warned banks in the Middle East and East Asia to halt Iran-linked transactions or face potential sanctions, signaling a stepped-up enforcement push targeting the financial networks that move Tehran’s oil revenues.
After the US military blockade targeting vessels entering and leaving Iranian ports, the Trump administration on Tuesday stepped up pressure with a financial offensive aimed at the banks and front-company networks that keep Iranian oil revenue moving.
In a post on X late Tuesday, the Treasury Department said it was “moving aggressively with Economic Fury, maintaining maximum pressure on Iran.”
www.iranintl.com
After the US military blockade targeting vessels entering and leaving Iranian ports, the Trump administration on Tuesday stepped up pressure with a financial offensive aimed at the banks and front-company networks that keep Iranian oil revenue moving.
In a post on X late Tuesday, the Treasury Department said it was “moving aggressively with Economic Fury, maintaining maximum pressure on Iran.”
US tightens financial squeeze on Iran, warns banks over oil money flows
The US Treasury has warned banks in the Middle East and East Asia to halt Iran-linked transactions or face potential sanctions, signaling a stepped-up enforcement push targeting the financial networks that move Tehran’s oil revenues.
