US Imposes Fresh Sanctions on Iran-Linked Financial Network

The United States has levied a fresh round of sanctions against companies, exchange houses, and financial facilitators accused of enabling Iran to secretly transfer hundreds of millions of dollars through the global financial system.

The US Treasury Department announced Friday that the targeted network allowed Tehran to access oil revenues and circumvent existing sanctions by utilizing front companies and financial intermediaries.

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Teapot refinery purchases of Iranian oil provide the primary economic lifeline for the Iranian regime, the world's leading state sponsor of terror.

Treasury Secretary Scott Bessent identified the purchase of Iranian oil by "teapot" refineries as a primary economic lifeline for Iran. He stated, "Teapot refinery purchases of Iranian oil provide the primary economic lifeline for the Iranian regime, the world's leading state sponsor of terror."

In a related statement, State Department spokesperson Tommy Pigott asserted that the sanctions aim to sever the "financial lifelines that sustain Iran's ruling elite." He further explained that Tehran exploited these networks to launder oil revenues and bypass sanctions imposed due to its destabilizing actions.

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the financial lifelines that sustain Iran's ruling elite.