U.S. Treasury Tightens Sanctions on Iranian Crypto Traders
The U.S. Treasury's Office of Foreign Assets Control (OFAC) has intensified sanctions on Iranian entities involved in dark-fleet oil trading by designating Iran's leading crypto trader, Nobitex, and other major firms like Wallex, Bitpin, and Ramzinex. This move complicates Iran's financial transactions related to its oil-trading activities and affects payments from shipowners using Iranian channels. Nobitex, which processed over 50% of Iranian digital asset inflows in 2025, is linked to Iran's terrorist activities and sanctions evasion. The designation follows previous actions against other Iranian networks and aims to disrupt financial channels supporting Iran's economy.