US expands sanctions targeting Iran oil, cryptocurrency sectors

Author: Akinbayo WahabPublished on: July 15, 2026Country: United States

World / InternationalBusiness & Economy

US expands sanctions targeting Iran oil, cryptocurrency sectors

The United States expanded sanctions on Iran's oil sector, targeting the network of petroleum shipping magnate Mohammad Hossein Shamkhani. Treasury Secretary Scott Bessent announced the freeze of $130 million in digital wallets linked to Iran's central bank. Over 50 individuals, entities, and vessels were targeted. The move comes after Iran blocked the Strait of Hormuz following US-Israel attacks.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

NewsBoulevard

World / InternationalPoliticsLebanon

aljazeera.com•18m ago

What are the Israeli withdrawal 'pilot zones' in southern Lebanon?

The article examines areas designated as 'pilot zones' for an Israeli withdrawal in southern Lebanon. These zones serve as a test for a possible gradual withdrawal of Israeli forces. The concept aims to assess security and stability before a broader retreat.

Could the US take control of Iran’s southern islands?

World / InternationalPoliticsIran

Nils Adler•18m ago

Could the US take control of Iran’s southern islands?

US forces have struck Iran's Qeshm, Kish and Abu Musa islands, as well as southern port cities including Bandar Abbas. In March, US officials said the Department of Defense was preparing for raids on Kharg Island, through which 90% of Iran's oil exports pass. Speculation died down after a June 17 memorandum of understanding but revived when President Donald Trump refused to rule out such an operation in a Fox News interview. Andreas Krieg says the US has the military capability to seize a small Iranian island in a narrow tactical sense.

'Cycle of chaos': Israel killing Gaza civil officials to derail its future

PoliticsWorld / InternationalPalestine

Mohammad Mansour•18m ago

'Cycle of chaos': Israel killing Gaza civil officials to derail its future

An Israeli attack in northern Gaza's Jabalia camp on Tuesday killed the director of a police station and several officers. Despite a months-long ceasefire, Israel continues deadly raids, citing imminent threats. Analysts warn that these incursions are a calculated pattern to kill civil officials, potentially derailing the US-backed post-war plan and allowing Israel to maintain indefinite control over Gaza.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more