April 28, 2026

U.S. imposes sanctions on 35 Iranian shadow banking entities

The U.S. Treasury Department sanctioned 35 entities and individuals involved in Iran's shadow banking to curb sanctions evasion and terrorism financing.
These sanctions are part of a broader campaign that has seen over 1,000 actions against Iranian individuals and firms since February 2025.
The U.S. warned foreign banks against engaging with companies paying Iran for oil passage, highlighting the risks of severe sanctions.