US hits Iran with new round of sanctions
Photo: US Treasury Secretary Scott Bessent (Getty Images)
On Tuesday, June 2, the United States imposed new sanctions against Iran. The restrictions target individuals and cryptocurrency exchanges, says the US Treasury Department.
According to the statement, the country imposed sanctions on four Iranian citizens and four Iranian digital asset exchanges, namely: Nobitex, Bitpin, Ramzinex, and Wallex.
The department also added that financial institutions and private individuals in other countries may be subject to sanctions if they conduct certain transactions with the four aforementioned firms.
Details
A week earlier, the US also imposed sanctions on Iran, this time targeting the oil trade. The restrictions affected eight vessels transporting Iranian crude oil and petroleum products to global markets.
More than 15 companies were also sanctioned, including Worth Seen Energy Limited and Mehdiyev Trading in Hong Kong, and Symphony Shipping and Maritime Management in Dubai.
According to the US Treasury Department, some of the sanctioned Iranian entities use oil sales infrastructure controlled by Iran's armed forces to purchase petroleum products outside the country.
Meanwhile, Reuters recently reported that Iran is seeking a temporary agreement with the US to ease economic pressure on the country and stabilize the situation.
