LONDON: The United States announced sanctions on Friday targeting crypto exchanges and shadow banking networks used by Iran to launder billions of dollars. The announcements were the latest effort by Washington to squeeze Iran’s finances with its “Economic Fury” campaign, which was launched alongside the joint US-Israeli military operation against Tehran.

The US issued new sanctions on Friday against banks, exchange houses and facilitators accused of helping Iran’s ruling elite move hundreds of millions of

OFAC designated Iranian exchange houses, shell companies, and 19 petroleum vessels across three rounds of sanctions under the Economic Fury