US Imposes New Iran-Related Sanctions

In depth

The US Treasury Department said the United States imposed sanctions on 13 individuals and companies in a network that provided flag registrations and forged documents to Iran's shadow fleet. US Treasury Secretary Scott Bessent said the United States will continue to act against those assisting the Iranian regime.

The sanctions include five individuals and ten companies linked to the shipping sector in India, as well as actors operating from Turkey and Singapore. Their assets in the United States will be frozen.

In addition, sanctions were imposed on eight financial companies in Canada, which according to the Treasury Department helped the Iranian regime and the Revolutionary Guards evade sanctions through digital currencies. According to the announcement, some of the companies also helped launder drug money amounting to millions of dollars.