The Trump administration on Tuesday expanded its sanctions campaign targeting Iran and Hamas-linked financial networks, announcing new restrictions on Iranian exchange houses, oil shipping operators and individuals tied to Hamas-aligned organizations. The Treasury Department said the actions are part of its broader “Economic Fury” initiative aimed at disrupting Iranian oil revenue, shadow banking systems and terror financing operations.
- Treasury sanctioned Amin Exchange and affiliated front companies accused of facilitating hundreds of millions of dollars in transactions for sanctioned Iranian banks and petrochemical firms.
- OFAC also blocked 19 vessels allegedly involved in transporting Iranian crude oil, LPG and petrochemical products.
- Separately, Treasury designated individuals tied to the Popular Conference for Palestinians Abroad and Samidoun, which U.S. officials described as Hamas- and PFLP-linked networks.
- The sanctions package also targeted Hamas operatives and members of the Egypt-based HASM militant group.
- Treasury warned foreign banks and companies facilitating Iranian commerce could face secondary sanctions.
- The administration said Iran’s shadow banking and shipping networks generate billions of dollars used to support weapons programs and regional militant groups.
Relevant Companies
- Exxon Mobil ($XOM) – Expanded sanctions on Iranian oil exports could affect global crude supply and pricing dynamics.
- Chevron ($CVX) – Tightened sanctions enforcement may impact energy market volatility and international oil flows.
- TotalEnergies ($TTE) – International energy producers remain exposed to geopolitical disruptions tied to Middle East oil sanctions.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
