Summary The Trump administration expanded sanctions on Iran targeting financial networks, foreign-linked companies and vessels accused of sanctions evasion activities.
WASHINGTON (Dunya News) - The Trump Administration announced new economic sanctions against Iran, targeting Iranian financial networks, exchange companies, alleged front firms and several international business entities.
According to reports, the United States Department of the Treasury blacklisted multiple organisations, including money exchange companies, further intensifying pressure on Iran’s financial system.
US officials claimed that Iranian companies had been involved in bypassing sanctions and maintaining financial transactions through the global banking system.
In this context, sanctions were also imposed on several companies linked to the United Arab Emirates, Turkey, China and Hong Kong.
Reports said Washington had additionally placed 19 vessels under sanctions, including ships operating under the flags of Barbados, Panama and Palau.
Scott Bessent alleged that Iran’s so-called “shadow banking system” was being used to finance terrorism.
According to the treasury secretary, certain companies had facilitated transactions worth millions of dollars for Iranian banks, prompting US authorities to widen the scope of sanctions.
Analysts said the latest sanctions came at a time of continuing political and military tensions in the region and could increase pressure on Iran’s financial and trade sectors further.
