U.S. Imposes New Financial Sanctions on Iran, Citing Terrorism and Regional Aggression

According to the International Desk of Webangah News Agency, in a new hostile move against the Islamic Republic of Iran, the U.S. Department of State has claimed to have implemented new actions to cut off financial transactions with Iran. The claims were published by Al Jazeera, citing Mehr News Agency.

A statement from the U.S. Department of State asserted, “Our actions target a network of financial exchange companies and front companies that have aided Iran in transferring millions of dollars. Iran’s continued support for terrorism and regional aggression will carry a heavy and lasting price.”

The U.S. State Department further alleged, “Our actions will further isolate Iran from the international financial system. We are committed to working with partners to close the pathways funding Iran’s destabilizing activities. We make it clear that anyone who assists Iran in circumventing sanctions will face severe consequences.”

These new measures are described as a continuation of the Trump administration’s policy of maximum pressure on Iran. The targeted companies reportedly enabled Tehran to access oil revenues and bypass sanctions. The announced actions are intended to dismantle a network of exchange and front companies that facilitated the transfer of hundreds of millions of dollars for Iran.

Simultaneously, the U.S. Department of the Treasury claimed to have imposed sanctions on digital currency trading platforms that finance Iran’s Islamic Revolutionary Guard Corps (IRGC).

U.S. Treasury Secretary Scott Bessent also stated, “The Strait of Hormuz will never be the same again, as the Iranians have used or attempted to use it as a choke point. We are economically suffocating Iran; they have 150 to 180 percent inflation. We may see an agreement today or tomorrow that opens the Strait of Hormuz for 30 to 60 days, after which energy prices will decrease.”