Iranian currency exchange house sanctioned by US, 19 vessels blocked
( May 19, 2026, 14:36 GMT | Official Statement) -- MLex Summary: The US Treasury Department's Office of Foreign Assets Control has designated a prominent Iranian foreign currency exchange house and associated front companies that oversee hundreds of millions of dollars in transactions on behalf of sanctioned Iranian banks. OFAC also blocked 19 vessels involved in Iranian petroleum and petrochemicals shipments to foreign customers, transactions that have generated hundreds of millions of dollars in revenue. Statement follows below:...
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