US imposes sanctions on 35 individuals, entities for aiding Iran's sanctions evasions
WASHINGTON, April 28 - The U.S. government ratcheted up pressure on Tehran on Tuesday, imposing sanctions on 35 entities and individuals for their roles in Iran's shadow banking sector, and threatened sanctions against banks doing business with Chinese \"teapot\" refineries that it said are paying tolls for shipments to cross the Strait of Hormuz. Read more at straitstimes.com. Read more at straitstimes.com.
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US imposes sanctions on 35 individuals, entities for aiding Iran's sanctions evasionsSign up now: Get ST's newsletters delivered to your inboxPublished Apr 29, 2026, 02:28 AMUpdated Apr 29, 2026, 04:38 AMListenWASHINGTON, April 28 - The U.S. government ratcheted up pressure on Tehran on Tuesday, imposing sanctions on 35 entities and individuals for their roles in Iran's shadow banking sector, and threatened sanctions against banks doing business with Chinese "teapot" refineries that it said are paying tolls for shipments to cross the Strait of Hormuz.The Treasury Department's Office of Foreign Assets Control said the designated individuals and firms had facilitated the movement of the equivalent of tens of billions of dollars tied to sanctions evasion and what it called Iran's sponsorship…
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