The United States has imposed sanctions on 35 Iranian individuals and entities accused of involvement in Iran’s shadow banking system. US Treasury Secretary Scott Besant said the sanctioned parties were responsible for transferring billions of dollars in illicit funds that allegedly supported Iran’s terrorist activities. The announcement came amid a deadlock in ongoing talks aimed at ending the conflict.

Besant warned that the move serves as a warning to global financial institutions. He stated that any institution found to be assisting or transacting with this network would face severe consequences. The sanctions target what Washington describes as a financial network enabling Iran to bypass restrictions and fund destabilizing operations.

The action underscores Washington’s continued pressure on Tehran’s financial system and signals potential escalation in economic measures if the alleged network continues operating.