The Treasury Department announced sweeping new “Economic Fury” sanctions targeting more than 50 companies, individuals and vessels tied to Iran’s financial and oil networks.

•⁠ ⁠Officials said the action targets Iran’s “shadow banking system,” including Amin Exchange and front companies accused of handling hundreds of millions of dollars for sanctioned Iranian banks.

•⁠ ⁠Treasury also blocked 19 vessels involved in Iranian petroleum and petrochemical shipments, saying the operations generated hundreds of millions in revenue for Tehran.

•⁠ ⁠Treasury Secretary Scott Bessent said the effort aims to dismantle financial networks used to evade sanctions and fund Iran’s regime and terrorist proxies.