The United States Department of the Treasury has introduced a new sanctions campaign against Iran, calling it “Operation Economic Fury” as part of an effort to increase pressure on the Iranian government.
In a brief statement, US Defense Secretary Pete Hegseth warned Tehran to “choose wisely,” adding that Iran could face further strikes if it makes the wrong decision. He also said that restrictions on Iranian maritime activity around the Strait of Hormuz will remain in effect for an indefinite period.
The Treasury said the new measures target two major financial networks linked to Iran. The first is the Shamkhani network, described as a multi-billion-dollar oil and shipping system connected to senior Iranian figures and international partners.
The second network is linked to Hezbollah and involves an Iranian national along with several companies accused of facilitating oil-for-gold transactions between Iran and Venezuela to support the group’s funding channels.
The Treasury also warned global financial institutions that secondary sanctions could be imposed on any entity involved in supporting Iran’s sanctioned operations, as part of its broader pressure strategy.
