US sanctions Iranian shadow banking system, warns of Hormuz toll sanctions risk

hellenicshippingnews... · Hellenic Shipping News Worldwide · 2026-04-30

The US Treasury Department has rolled out sanctions on 35 entities and individuals that oversee Iran’s shadow banking architecture and facilitate Iran’s oil and arms trade, and warned that paying tolls to pass through the Strait of Hormuz risks US sanctions. “Iran’s shadow banking system serves as a critical financial lifeline for its armed forces, ...

Source: Hellenic Shipping News Worldwide — read the full report

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