Treasury Sanctions Iranian Financial Networks After Hormuz Ship Attacks

The designations target a businessman and currency exchange houses days after the administration declared a ceasefire agreement with Tehran had ended.

The Treasury Department has imposed new sanctions on Iranian financial networks and currency exchange firms, citing attacks on commercial ships in the Strait of Hormuz as the trigger. The action targets an Iranian businessman and multiple exchange houses, blocking their access to the US financial system. [4] [3]

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