U.S. Targets 19 Tankers, Shadow Banks in Major New Iran Sanctions Crackdown

The Trump administration on Tuesday unveiled one of its broadest sanctions actions yet under its “Economic Fury” campaign, targeting more than 50 companies, individuals, and vessels tied to Iran’s shadow banking and shipping networks as Washington intensifies pressure on Tehran amid the ongoing Strait of Hormuz crisis.

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) announced sanctions against Iranian exchange house Amin Exchange and a sprawling network of front companies accused of moving hundreds of millions of dollars on behalf of sanctioned Iranian banks and petrochemical interests. Treasury also designated 19 vessels allegedly involved in transporting Iranian