The Treasury Department sanctioned two Iranian cryptocurrency exchanges, Shelbit and Aban Tether, for facilitating transactions for the Islamic Revolutionary Guard Corps. TRM Labs reports Shelbit handled over $6.3 billion in transactions between May 2024 and March 2026.
The United States Treasury Department sanctioned two Dubai-based cryptocurrency exchanges, Shelbit and Aban Tether, alleging they processed billions of dollars in transactions for Iran's Islamic Revolutionary Guard Corps and facilitated sanctions evasion. The action is part of the Trump administration's 'Economic Fury' campaign targeting Iranian financial networks.
A Reuters investigation revealed that Shelbit, an unlicensed Dubai-based cryptocurrency exchange, processed at least $4 billion for an Iranian sanctions-evasion network linked to the IRGC, Iran's central bank, and illegal gambling operations. At least $676 million from wallets connected to this network flowed to Binance.
President Trump blamed Minnesota's government for a cyberattack targeting more than 30 water systems, contradicting federal officials who suspect Iranian involvement and prompting pushback from Gov. Tim Walz.
The US Treasury Department has imposed sanctions on two Iranian maritime companies allegedly part of an Islamic Revolutionary Guard Corps-backed insurance network, with one firm accepting Bitcoin and other digital assets as payment.
The US Treasury's Office of Foreign Assets Control sanctioned two Iranian maritime firms, including Hormuz Safe, for operating an IRGC-backed scheme that allegedly extorted commercial vessels transiting the Strait of Hormuz by requiring Bitcoin payments for insurance.
The United States Treasury Department's Office of Foreign Assets Control (OFAC) sanctioned multiple cryptocurrency wallets tied to the Central Bank of Iran, freezing more than $130 million in digital assets. Treasury Secretary Scott Bessent announced the action as part of ongoing efforts to disrupt Iran's sanctions evasion activities.
Former Iranian President Mahmoud Ahmadinejad's office rejected allegations that Israel's Mossad intelligence agency attempted to recruit him as an asset and install him as Iran's leader, dismissing the claims reported by The New York Times as false and denying he has been placed under house arrest.
The Iranian American Legal Defense Fund filed a lawsuit Tuesday claiming the Trump administration illegally shared confidential information about Iranian asylum seekers with the Iranian government, potentially endangering pro-democracy protesters, religious minorities, and LGBTQ individuals.
Iran has warned oil tankers to use approved routes through the Strait of Hormuz or face a 'forceful response,' with BBC reporters witnessing seized vessels and stranded tankers. Oman is navigating a delicate diplomatic position over the new fees and restrictions in the critical waterway.
Iranian state media claimed a foreign ship ran aground in the Strait of Hormuz after ignoring Revolutionary Guard instructions, but maritime monitors report the vessel has been stranded since March and is connected to Iranian oil tycoon Shamkhani. The incident highlights Iran's efforts to control shipping through the strategic waterway.
President Donald Trump and Treasury Secretary Scott Bessent publicly demanded that gasoline retailers immediately reduce prices, with Bessent warning "we're watching." The pressure comes as crude oil prices have fallen following progress on reopening the Strait of Hormuz and a memorandum of understanding with Iran, though gas prices had risen 40.5% year-over-year through May.
The United States and Iran announced plans to send delegations to Qatar this week to discuss implementing a memorandum of understanding, though they disagree on the meeting format and Iran has not yet received $6 billion in frozen funds tied to the agreement.
Qatar and Oman are mediating talks between Iran, Iraq, and Gulf Arab states over the administration of the Strait of Hormuz, as US Secretary of State Marco Rubio firmly states Iran cannot charge tolls for vessel transit through the strategic waterway.
Iranian President Masoud Pezeshkian arrived in Pakistan for talks with Prime Minister Shehbaz Sharif after Pakistan helped mediate a breakthrough truce between the United States and Iran. The visit comes amid ongoing disputes over nuclear inspections and technical-level negotiations aimed at achieving lasting regional peace.
Iran has exported 40 million barrels of oil at a 20% premium following the end of U.S. sanctions enforcement, while its strategic control over the Strait of Hormuz appears to be diminishing as Gulf Arab oil reaches markets through alternative routes.
Activists unfurled a massive banner reading 'Kick Israel out of FIFA' over a World Cup logo in Toronto on Friday, hours before Canada's opening match, while Iran's delegation reported that 15 officials were denied U.S. visas for the tournament.
The heads of the Palestinian and Iranian football associations have been denied US visas to attend the 2026 FIFA World Cup, with Iran reporting 15 federation members blocked from entry. The denials come amid tightened US immigration rules and raise questions about FIFA's ability to guarantee access for all member federations.
Iran's national football team is preparing for their 2026 World Cup opener against New Zealand while training in Tijuana under armed guard, amid cartel violence including a body found outside their stadium and five police officers killed nearby. Additionally, 11 members of Iran's delegation remain banned from entering the United States despite four successful visa appeals.
The Trump administration is planning to deport nearly two dozen Iranians and other migrants, including women, to the Central African Republic, a country the U.S. State Department has designated as "Do not travel" due to chronic instability, violence, and poverty.
Iran's football federation announced that its ticket allocation for the 2026 World Cup has been withdrawn just days before the tournament begins, leaving Iranian supporters who had already made travel arrangements unable to attend matches. FIFA says it is working to resolve the situation and maximize opportunities for Iranian fans to attend.
Iran's national football team landed in Tijuana, Mexico on June 7, 2026, ahead of the FIFA World Cup after the United States denied visas to several team support staff members. The team will be based in Mexico despite all three group stage matches being scheduled in US stadiums, creating a diplomatic row between Tehran and Washington.
Iran's participation in the 2026 World Cup in the United States has sparked multiple controversies, including FIFA's ban on pre-revolutionary Iranian flags at venues, U.S. immigration policies blocking Iranian officials and even a Somali referee from entering the country, and allegations that Iran's soccer system has been used for surveillance by the Islamic Revolutionary Guard Corps.
Franco-Iranian author and filmmaker Marjane Satrapi, renowned for her graphic novel and film 'Persepolis' about growing up during Iran's Islamic Revolution, has died aged 56. Her close circle reported she died 'of sadness' a year after losing 'the love of her life.'
The U.S. Treasury Department's Office of Foreign Assets Control designated four Iranian cryptocurrency exchanges—Nobitex, Wallex, Bitpin, and Ramzinex—for sanctions violations and terrorist financing. Nobitex handled approximately 50% of Iran's crypto inflows in 2025, and four Iranian nationals including chairman Amir Hossein Rad were also named in the action.
Treasury Secretary Scott Bessent announced Friday that the United States has seized approximately $1 billion in cryptocurrency assets from Iran under 'Operation Economic Fury,' a pressure campaign aimed at restricting Iran's access to overseas revenue and financial infrastructure.
Iran's state-backed 'Hormuz Safe' platform offers Bitcoin-settled maritime insurance for cargo transiting the Strait of Hormuz, with the country projecting $10 billion in revenue. The service allows sanctioned shippers to pay premiums in cryptocurrency for instant digital coverage.
Defense Secretary Pete Hegseth addressed questions about potential Iranian weaponization of marine mammals in the Strait of Hormuz during a Tuesday briefing, denying the existence of 'kamikaze dolphins' while acknowledging the historical military use of marine mammals.
Iranian human rights activist and Nobel Peace Prize winner Narges Mohammadi has been moved from prison to a hospital in Tehran for medical treatment and granted a suspension of her sentence on heavy bail. The transfer comes amid reports of systematic medical neglect and torture in Iranian prisons detailed in her smuggled memoir.
The U.S. Treasury Department is pressuring Binance to implement stricter compliance measures following reports that over $1 billion in cryptocurrency transactions tied to Iranian entities moved through the exchange despite sanctions.
Iran's Islamic Revolutionary Guard Corps navy issued a new map on Monday delineating areas of the Strait of Hormuz under its control, according to state media, as shipping through the critical waterway remains at a standstill.
Treasury Secretary Scott Bessent announced wallet seizures targeting Iranian actors, but blockchain analysis suggests the wallets' characteristics may indicate other state actors instead of Tehran.
Reuters found that Nobitex, Iran's leading crypto exchange, was founded by sons of an elite political family tied to Iran's supreme leaders, with hundreds of millions in transactions linked to sanctioned Iranian state entities moving through the platform since 2018.
Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated, that Iran's control over the Strait of Hormuz "has already been acknowledged by the United States" and that Tehran will never relinquish its jurisdiction over the waterway, while describing the US naval blockade as an "ill-considered and ignorant decision." A senior Iranian lawmaker also warned that Iran's Yemeni allies are "waiting to block" the Bab el-Mandeb strait if the blockade continues.
French President Macron and UK PM Starmer are hosting a coalition summit to discuss deploying a multinational defensive force to ensure freedom of navigation through the Strait of Hormuz. Over 30 nations are participating, with neither the US, Israel, nor Iran invited.
