The most recent US Treasury Division transfer comes as a part of efforts to make it tougher for Iran to promote oil overseas.
Revealed On 16 Sep 2025
America has issued a brand new wave of sanctions towards Iran, focusing on folks and entities it says are concerned in illicit fund transfers that profit the nation’s army actions.
The US Division of the Treasury’s Workplace of Overseas Property Management (OFAC) confirmed on Tuesday that it had sanctioned greater than a dozen Iranian people and firms primarily based in Hong Kong and the United Arab Emirates.
Advisable Tales
listing of three objectsfinish of listing
These focused, the OFAC mentioned, had helped to maneuver funds for the good thing about the Islamic Revolutionary Guard Corps (IRGC) and the Iranian Ministry of Defence.
A number of the cash got here from the sale of Iranian oil, the US Treasury added.
“Iranian ‘shadow banking’ networks like these — run by trusted illicit monetary facilitators — abuse the worldwide monetary system, and evade sanctions by laundering cash by way of abroad entrance firms and cryptocurrency,” it mentioned.
John Okay Hurley, the US Treasury’s undersecretary for terrorism and monetary intelligence, added that the Trump administration would proceed to disrupt cash flowing into “Iran’s weapons programmes and malign actions within the Center East and past”.
The US authorities alleges that Iranian nationals Alireza Derakhshan and Arash Estaki Alivand, who’re each on the brand new sanctions listing, facilitated the acquisition of $100m price of cryptocurrency for the Iranian authorities.
On account of the sanctions, they and the opposite folks and entities being focused lose their proper to any belongings held within the US. US firms and residents are additionally forbidden from doing enterprise with them.
The transfer comes as a part of US President Donald Trump’s aim of driving Iran’s oil exports “to zero”.
Tehran has not but responded to the transfer.
In August, the US went after a world community of firms owned by the Greek shipper Antonios Margaritis.
“Margaritis has leveraged his a long time of expertise within the delivery trade to illicitly facilitate the transportation and sale of Iranian petroleum,” the US Treasury claimed.
The focusing on of Margaritis adopted several different rounds of sanctions designed to make it tougher for Tehran to promote its oil abroad.
