US Treasury Targets Iranian Exchange Networks in New Sanctions Campaign

The U.S. Treasury Department announced a new round of sanctions aimed at Iranian currency exchange networks as part of its "Economic Fury" campaign. The measures target a number of firms and individuals involved in facilitating foreign exchange transactions for Iran.

The Treasury’s announcement listed several entities and individuals, citing their roles in enabling Iran’s financial operations. The sanctions are intended to curb Iran’s ability to move money abroad and to limit its access to international financial markets.

The move follows a broader U.S. strategy to increase economic pressure on Iran, building on earlier sanctions that have targeted the country’s banking and energy sectors.