The United States has imposed sanctions on 35 Iranian entities and individuals, increasing pressure on Iran’s financial network. Officials said these measures target groups accused of supporting Iran’s banking sector and facilitating major financial activities.
According to the U.S. Department of the Treasury, the sanctioned entities played a role in moving billions of dollars through oil shipments. Moreover, authorities stated that these activities helped sustain Iran’s economic operations despite existing restrictions.
The Treasury’s Office of Foreign Assets Control, known as OFAC, warned that additional penalties may follow. In addition, it said banks dealing with companies paying Iran for transit through the Strait of Hormuz could also face sanctions.
Also Read: US blocks vessel heading toward Iranian port
US officials also pointed to oil refineries in Shandong. They claimed that several independent Chinese companies import or refine Iranian oil, raising concerns about international compliance with sanctions policies.
Overall, the move signals a broader effort to tighten economic restrictions on Iran. Consequently, the US imposes sanctions on 35 Iranian entities and individuals, aiming to limit financial flows and disrupt oil-related trade networks.