Sanctions against iran

The PGSA condemned the sanctions and added that it considered being sanctioned by “a country whose leader takes pride in piracy” as a sign of “positive performance."

How Iran is financed, and why US attempts to pressure Iran in the Strait of Hormuz have failed

The US has recently stepped up sanctions on Iran through "Economic Fury," a program meant to disrupt Tehran's shadow banking networks and terrorist financing schemes.

“Iran’s shadow banking system facilitates the illicit transfer of funding for terrorist purposes,” said Scott Bessent, Secretary of the Treasury.

While the streets are full of people, their pockets are empty. The Iranian rial has become a liability that citizens are desperate to offload.

Iran is no longer facing economic pain alone; it also faces the real possibility of infrastructure damage and long-term disruption.

Operation Economic Fury began with the blockade of Iranian ports in the Strait of Hormuz before expanding to ships providing support to the Iranian regime in international waters.

Iran has deployed about a dozen mines in the Strait of Hormuz, two sources familiar with the matter said.

The probe follows an internal Binance investigation into suspicious transactions that allegedly identified more than $1 billion in flows connected to a network funding Iran-backed terrorist groups.

According to the global commodity data provider site Kpler, the recent average has been approximately 10 million barrels of crude oil and condensate per week.