U.S. expands Iran crypto sanctions over $100M oil payments

cryptonews08-25 14:37

The U.S. Treasury expanded sanctions to Iran’s digital asset sector on Aug. 24, giving the Office of Foreign Assets Control broader authority to target foreign companies and individuals supporting the...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2662078918?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-25 14:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2662078918","market":"nz","top_or_hot":-1,"title":"U.S. expands Iran crypto sanctions over $100M oil payments","media":"cryptonews","content":"<div>\n<p>The U.S. Treasury expanded sanctions to Iran’s digital asset sector on Aug. 24, giving the Office of Foreign Assets Control broader authority to target foreign companies and individuals supporting the...</p>\n\n<a href=\"https://crypto.news/u-s-expands-iran-crypto-sanctions/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. expands Iran crypto sanctions over $100M oil payments</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. expands Iran crypto sanctions over $100M oil payments\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-25 14:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/u-s-expands-iran-crypto-sanctions/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The U.S. Treasury expanded sanctions to Iran’s digital asset sector on Aug. 24, giving the Office of Foreign Assets Control broader authority to target foreign companies and individuals supporting the...</p>\n\n<a href=\"https://crypto.news/u-s-expands-iran-crypto-sanctions/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DBC","symbol_name":"商品指数ETF-PowerShares DB","start_time":0,"source_url":"https://crypto.news/u-s-expands-iran-crypto-sanctions/","article_id":"2662078918","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/u-s-expands-iran-crypto-sanctions/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2662078918","pubTimestamp":1787639840,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"The U.S. Treasury expanded sanctions to Iran’s digital asset sector on Aug. 24, giving the Office of Foreign Assets Control broader authority to target foreign companies and individuals supporting the country’s cryptocurrency industry.OFAC added Iran’s digital asset sector to Executive Order 13902 sanctions authority on August 24.Treasury alleged Obukhov processed over $100 million in crypto for IRGC-linked oil sales since 2023.Nearly 60 entities, individuals and vessels were sanctioned across nuclear, missile, cyber and oil networks.Foreign banks facilitating major transactions for designated parties could lose access to U.S. correspondent accounts.Earlier measures targeted Iranian exchanges including Nobitex, Wallex, Bitpin, Ramzinex, Shelbit and Aban Tether directly.The measure accompanied sanctions against nearly 60 entities, individuals and vessels across Iran-linked nuclear, missile, cyber and oil networks. Treasury also accused UAE-based broker Ivan Obukhov of processing more th","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"DBC":"商品指数ETF-PowerShares DB","OILT":"Texas Oil Index ETF","USOI":"ETRACS Crude Oil Shares Covered Call ETN","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","BK4588":"碎股","DAPP":"VanEck Digital Transformation ETF","IXC":"全球能源业ETF-iShares","DUG":"二倍做空石油与天然气ETF(ProShares)","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","STCE":"Schwab Crypto Thematic ETF","USO":"美国原油ETF","DBE":"能源商品ETF-PowerShares","WTIU":"MICROSECTORS ENERGY 3X LEVERAGED ETN","TEKX":"SPDR Galaxy Transformative Tech Accelerators ETF","XLE":"SPDR能源指数ETF","FTXN":"First Trust Nasdaq Oil & Gas ETF","GDLC":"Grayscale CoinDesk Crypto 5 ETF","PXJ":"Invesco Oil & Gas Services ETF","XOP":"油气开采指数ETF-SPDR S&P","XES":"SPDR S&P Oil & Gas Equipment & Services ETF","CRPT":"First Trust SkyBridge Crypto Industry and Digital Economy ETF","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares","BK4570":"地缘局势概念股","DIG":"二倍做多美国油气指数","BWET":"BREAKWAVE TANKER SHIPPING ETF","BNO":"美国布伦特原油基金有限合伙企业","BITQ":"Bitwise Crypto Industry Innovators ETF","USE":"USCF Energy Commodity Strategy Absolute Return Fund","IEO":"iShares Dow Jones U.S. Oil & Gas","OIH":"石油服务ETF","UCO":"二倍做多彭博原油ETF","NCIQ":"HASHDEX NASDAQ CRYPTO INDEX US ETF","UGA":"United States Gasoline Fund LP","DRLL":"Strive U.S. Energy ETF","FBZ":"First Trust Brazil AlphaDEX Fund","DIME":"CoinShares Altcoins ETF","BKCH":"AdvisorShares Sabretooth ETF","SCO":"二倍做空彭博原油指数ETF","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares","DBO":"原油ETF-PowerShares","NSI":"NATIONAL SECURITY EMERGING MARKETS INDEX ETF","BITW":"Bitwise 10 Crypto Index ETF","ERX":"二倍做多能源ETF-Direxion","PXE":"Invesco Energy Exploration & Production ETF","OILK":"ProShares K-1 Free Crude Oil ETF","USL":"United States 12 Month Oil Fund LP","VDE":"Vanguard Energy ETF"},"translate_title":"美国将伊朗加密货币制裁扩大至 1 亿美元石油付款","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FTXN":1.5,"XES":1.5,"BITQ":1.5,"DAPP":1.5,"USE":1.5,"BNO":1.5,"DBC":1.5,"XLE":1.5,"IEO":1.5,"OILU":1.5,"STCE":1.5,"USO":1.5,"OIH":1.5,"UCO":0.6,"XOP":1.5,"GDLC":1.5,"VDE":1.5,"BWET":1.5,"OILT":1.5,"PXJ":1.5,"WTIU":1.5,"LFGY":1.5,"SCO":0.6,"GUSH":1.5,"CRPT":1.5,"TEKX":1.5,"USOI":1.5,"DIG":1.5,"DIME":1.5,"DBE":1.5,"DRLL":1.5,"BKCH":1.5,"IXC":1.5,"FBZ":1.5,"DBO":1.5,"DRIP":1.5,"DUG":1.5,"USL":1.5,"NSI":1.5,"PXE":1.5,"BITW":1.5,"OILK":1.5,"ERX":1.5,"NCIQ":1.5,"UGA":1.5},"content_text":"The U.S. Treasury expanded sanctions to Iran’s digital asset sector on Aug. 24, giving the Office of Foreign Assets Control broader authority to target foreign companies and individuals supporting the country’s cryptocurrency industry.\n\n\nSummary\n\n\n\nOFAC added Iran’s digital asset sector to Executive Order 13902 sanctions authority on August 24.\nTreasury alleged Obukhov processed over $100 million in crypto for IRGC-linked oil sales since 2023.\nNearly 60 entities, individuals and vessels were sanctioned across nuclear, missile, cyber and oil networks.\nForeign banks facilitating major transactions for designated parties could lose access to U.S. correspondent accounts.\nEarlier measures targeted Iranian exchanges including Nobitex, Wallex, Bitpin, Ramzinex, Shelbit and Aban Tether directly.\n\n\n\nThe measure accompanied sanctions against nearly 60 entities, individuals and vessels across Iran-linked nuclear, missile, cyber and oil networks. Treasury also accused UAE-based broker Ivan Obukhov of processing more than $100 million in cryptocurrency for oil sales linked to Iran’s Islamic Revolutionary Guard Corps-Quds Force.\nIran crypto sector becomes a sanctions target\nThe new OFAC determination places digital assets among five additional sectors covered under Executive Order 13902. The others are technology, gold, aviation and shipping.\nOFAC can now sanction any person determined to operate in Iran’s digital asset sector or provide services supporting it, regardless of where that person is located. The determination took effect on Aug. 24, according to OFAC’s official notice.\nTreasury described cryptocurrency as an increasingly common tool for moving money outside conventional banking channels.\n\n“The Iranian regime increasingly turns to cryptocurrency as a tool of choice for sanctions evasion,” Treasury alleged.\n\nThe determination does not automatically sanction every crypto company serving Iranian users. OFAC must identify and designate particular parties before blocking measures apply. However, participation in the sector can now serve as a basis for future designations.\nTreasury links $100 million to Iranian oil sales\nTreasury alleged that Obukhov, a Ukrainian national based in the UAE, worked as a broker for vessels carrying Iranian oil. It said he facilitated shipments for Iran’s military and associated groups.\nSince 2023, Obukhov allegedly processed more than $100 million in cryptocurrency payments to facilitate oil sales for the IRGC-Quds Force, according to Treasury’s release.\n\n“Obukhov has facilitated Iranian oil shipments for the Iranian military and its proxies,” Treasury claimed.\n\nOFAC also sanctioned Foscom FZE, the UAE-based company Obukhov owns and manages. Treasury said Obukhov purchased the company in 2022 and used it in his brokerage activities.\nThe government did not publish wallet addresses, transaction hashes, token breakdowns or named counterparties supporting the $100 million figure. The amount therefore remains a Treasury allegation rather than an independently verified on-chain total.\nU.S. sanctions raise risks for foreign crypto firms\nAll property and interests in property belonging to designated parties must be blocked when they enter the United States or come under the control of a U.S. person. Companies owned 50% or more by blocked parties are also covered.\nU.S. persons generally cannot transact with designated parties unless OFAC issues an authorization. Foreign financial institutions that knowingly facilitate major transactions may also face restrictions on correspondent or payable-through accounts in the United States.\nThe expanded authority reaches beyond Iranian exchanges. Overseas brokers, payment processors, wallet operators and technology providers could face sanctions if OFAC determines that they operate in, or provide services supporting, Iran’s digital asset sector.\nThe action forms part of a wider campaign Treasury calls Operation Economic Outcast. U.S. officials said foreign governments would receive defined timelines to close identified Iran-linked activities, but the public announcement did not provide a universal deadline.\nOFAC has escalated enforcement throughout 2026\nThe latest action follows several designations targeting named crypto businesses. In June, OFAC sanctioned Nobitex, Wallex, Bitpin and Ramzinex, extending a crackdown on an alleged $4 billion sanctions-evasion network.\nOFAC later targeted Shelbit and Aban Tether on Aug. 7. Treasury accused the two exchanges of processing approximately $5 million involving sanctioned Iranian platforms and other restricted parties, as crypto.news reported.\nThe earlier actions targeted identifiable exchanges and transactions. The new sectoral determination is broader because it creates a legal basis for future sanctions based on participation in Iran’s digital asset economy.\nCrypto exchanges and compliance providers will now need to monitor OFAC designations, connected wallet addresses and ownership structures. Treasury said the Aug. 24 measures begin a sustained enforcement campaign, indicating that additional Iran-related crypto designations may follow.\n\n\n\n\n\n                Read more:\n            \nBlock Bits Capital founder convicted in nearly $1M crypto fraud","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2662078918","isCrawlerRequest":true}