The U.S. Treasury Department has frozen more than $344 million in cryptocurrency tied to Iran and is ramping up efforts to choke off the regime’s access to global revenue streams as part of an ongoing pressure campaign, officials said. The actions are part of Operation Economic Fury, a broader campaign aimed at squeezing Iran’s economy by limiting its ability to sell oil abroad. The campaign is part of the administration’s broader “maximum pressure” strategy targeting Iran’s economy and oil exports. A Treasury official said the department has disrupted billions of dollars in projected oil revenue in recent days while freezing…
News Timeline:
Track the development of this news story across the Internet.