❗️US expands blockade against Iran with new maritime and banking sanctions

The US Treasury Department has escalated its economic warfare against Iran, slapping fresh sanctions on a prominent domestic currency exchange house and blacklisting nearly two dozen commercial vessels.

The targeted entity, Amin Exchange—also operating as Ebrahimi and Associates Partnership Company—is accused by Washington of managing a sophisticated network of front companies across the UAE, Turkey, and Hong Kong to process hundreds of millions of dollars on behalf of Iranian banks. In tandem with the financial blacklisting, the Treasury’s Office of Foreign Assets Control (OFAC) blocked 19 commercial vessels dynamically engaged in transporting Iranian petroleum and petrochemical products to international buyers.

The sweeping restrictions were rolled out under "Economic Fury," a targeted maximum-pressure sanctions architecture deployed by the Trump administration as a financial equivalent to a bombing campaign to choke off Tehran's revenue streams.

US Treasury Secretary Scott Bessent defended the aggressive measures today, claiming that dismantling Iran’s shadow banking infrastructure is critical to cutting off funding for regional military operations and what Washington designates as terrorist proxies. The designations effectively freeze all US-based assets of the targeted entities and threaten secondary sanctions against any international financial institutions or foreign companies attempting to bypass the maritime blockade.

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'Economic Fury': US treasury chief demands allies intensify sanctions against Iran