U.S. Treasury Secretary: Channels for Iran's cryptocurrency use have been targeted

U.S. Treasury Secretary Scott Bessent stated on the X platform that the Treasury has taken action against Iran's international shadow banking infrastructure, cryptocurrency access channels, shadow fleet, weapons procurement networks, funding for regional terrorism proxies, and independent Chinese refineries supporting Iranian oil trade through economic sanctions. These actions have disrupted billions of dollars in revenue that could have been used to fund terrorism.

Under the maximum pressure campaign of the U.S. President, Tehran's inflation rate has doubled, and its currency has rapidly depreciated. Iran's main oil export terminal, Kharg Island, is nearing its oil storage limit, which will force the regime to cut oil production, resulting in an additional daily loss of about $170 million in revenue and causing permanent damage to Iran's oil infrastructure. The Treasury will continue to apply maximum pressure, and any individuals, vessels, or entities assisting Tehran's illegal flow face the risk of U.S. sanctions.