U.S. Imposes Sanctions on 35 Individuals and Entities for Aiding Iran's Sanctions Evasions

The U.S. Treasury announced sanctions against 35 individuals and entities, including financial institutions and intermediaries, for their role in enabling Iran's sanctions evasion. These designations targeted mechanisms used by Tehran to receive payments for oil and other commodities, with the goal of reducing its revenue. The entities were linked to Iran's shadow banking network, which the U.S. claims facilitates illicit financial transactions. The sanctions were part of a broader effort to counter Iran's financial activities and limit its ability to fund its regional operations. The Treasury stated that the designations were intended to expose and disrupt these mechanisms. Tehran has not commented publicly on the sanctions, while Washington has emphasized the need to uphold international sanctions regimes.