Economic Fury: US launches major crackdown on Iran’s financial and energy networks

US Treasury Secretary Scott Bessent said on April 28 that the United States has struck at Iran’s international shadow banking infrastructure, cryptocurrency access, shadow fleet, weapons procurement networks, as part of a campaign dubbed Economic Fury.

In a post on X, he noted that regional militant financing channels and independent Chinese oil refineries that support Iranian crude exports are also targeted, Caliber.Az reports.

 “These actions have disrupted tens of billions of dollars in revenue that would be used to fund terrorism,” Bessent wrote.

The Treasury Department, through Economic Fury, has targeted Iran’s international shadow banking infrastructure, access to crypto, shadow fleet, weapons procurement networks, funding for terrorist proxies in the region, and independent Chinese “teapot” refineries that support…

— Treasury Secretary Scott Bessent (@SecScottBessent) April 29, 2026

The measures are aimed at tightening financial pressure on Tehran.

He added that Iran’s main oil export terminal on Kharg Island is nearing full storage capacity, which could force the country to reduce production and lead to additional revenue losses of approximately $170 million per day, while causing irreversible damage to its oil infrastructure.

The Treasury Department will continue its maximum pressure campaign, he said, warning that any individual, vessel, or entity facilitating illicit financial flows to Tehran risks US sanctions.

By Bakhtiyar Abbasov