U.S. sanctions 35 entities overseeing Iran's shadow banking architecture

15 articles · Updated · CBS New York · Apr 28

The U.S. Treasury imposed sanctions on 35 people and entities accused of enabling Iran to evade sanctions and fund its armed forces, including illicit oil sales and weapons procurement.
Treasury Secretary Scott Bessent warned that aiding these networks risks severe consequences, as the shadow banking system supports Iran's military and regional proxies, threatening U.S. personnel, allies, and global trade.
The move comes amid ongoing U.S.-Israeli conflict with Iran, rising energy prices, and continued fighting in Lebanon, with broader economic and humanitarian impacts across the Middle East and beyond.

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