Vahid Online in English

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1 May 2026, 17:05

The U.S. Department of the Treasury's Office of Foreign Assets Control announced separately on Friday that it is sanctioning three Iranian foreign exchange exchanges and their affiliated shell companies as part of the department's efforts to disrupt the financial lifelines of the Iranian government.

This office states that Iranian exchanges facilitate billions of dollars in currency transactions each year, and since Iran primarily settles its oil sales in yuan, China's currency, these exchanges play a "vital role" in converting oil revenues into currencies that are more usable for Iran's military forces and their partners and proxy forces.

Scott Basset, the U.S. Treasury Secretary, described Iran as the "head of the global terrorism snake" in a statement and said the department is "acting decisively to cut off the financial lifelines of Iran's military forces" in line with directives from Donald Trump.
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