US imposes fresh sanctions on Iranian exchange house, shadow fleet vessels
The U.S. has imposed new sanctions on an Iranian exchange house and several vessels linked to the shipping of Iranian petroleum. This action is part of ongoing efforts to pressure Tehran amid its recent peace proposal regarding the U.S.-Israeli conflict. The sanctions target entities that facilitate significant foreign currency transactions for Iran, enabling the country to evade existing sanctions.
- ▪The U.S. sanctioned the Iran-based Amin Exchange and its network of front companies.
- ▪Nineteen vessels involved in shipping Iranian oil and petrochemicals were also blocked.
- ▪The sanctions aim to disrupt Iran's shadow banking system and its ability to manipulate the international financial system.
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US imposes fresh sanctions on Iranian exchange house, shadow fleet vesselsSign up now: Get ST's newsletters delivered to your inboxFILE PHOTO: Signage is seen at the United States Department of the Treasury headquarters in Washington, D.C., U.S., August 29, 2020. REUTERS/Andrew Kelly/File PhotoPublished May 19, 2026, 10:33 PMUpdated May 19, 2026, 10:33 PMWASHINGTON, May 19 - The Trump administration on Tuesday imposed sanctions on an Iranian foreign currency exchange house and what it said were front companies overseeing transactions on behalf of Iranian banks as the U.S.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Straits Times — World.