New American Sanctions Target Iranian Cryptocurrency and Oil Networks
April 26, 20261728 ViewsRead Time: 2 Minutes
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The Office of Foreign Assets Control at the U.S. Department of the Treasury has imposed sanctions on electronic wallets believed to be linked to Iran.
The measures resulted in the freezing of digital assets worth $344 million from cryptocurrencies.
This step is part of a rising U.S. policy to pursue unconventional funding sources.
Washington Confirms Continued Financial Pressure on Iran
U.S. Treasury Secretary Scott Piesen stated that his country continues its efforts to prevent Tehran from accessing its financial resources.
He noted that Washington is working to track funds and block all financing channels associated with Iran.
This policy falls under what the U.S. Treasury has described as a campaign of “economic fury.”
Washington Expands Sanctions to Include Shipping and Oil Networks
In addition to cryptocurrencies, the United States announced sanctions on about 40 shipping companies and oil tankers suspected of being linked to the Iranian “shadow fleet.”
This term is used to refer to oil transport networks operating outside official channels.
The sanctions include measures targeting intermediary companies that facilitate indirect export operations.
Washington Targets Oil Refinery in China
As part of the same package, the United States imposed sanctions on the Henli Petrochemical Refinery in Dalian, China.
Washington accuses the refinery of participating in the illicit trade of Iranian oil.
This refinery is among the largest independent refineries in China, expanding the scope of economic tension between the parties.
Washington Tightens Financial Siege on Tehran
These measures reflect the widening economic confrontation between the United States and Iran, encompassing the energy, cryptocurrency, and maritime shipping sectors.
Observers believe the goal is to reduce Tehran's ability to circumvent traditional sanctions.
