The U.S. Treasury Department has announced sanctions against two Iranian firms involved in digital asset payments, targeting their role in an alleged scheme to evade financial restrictions. These companies are reportedly connected to a broader network using bitcoin to circumvent U.S. sanctions, particularly in the shipping insurance sector. This action extends Washington’s ongoing efforts to crack down on Iranian financial channels that bypass the formal banking system through cryptocurrencies. Persistent tensions between the United States and Iran are reflected in declining market odds for a nuclear deal, which have dropped to 1.4% by August 13, 2026.
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