Operation Economic Fury

US sanctions Iranian foreign currency exchange, international front companies

“Iran’s shadow banking system facilitates the illicit transfer of funding for terrorist purposes,” said Scott Bessent, Secretary of the Treasury.

|ByTZVI JASPER
A general view of the Treasury Building on day two of a partial government shutdown in Washington, DC, US, February 1, 2026.
Anti-war demonstrators attempt to remove a pro-Trump counter-protester during a "No War on Iran" rally outside of City Hall in Seattle, Washington, US, April 7, 2026.

US legal adviser says Iran war justified by Tehran's 'aggression' over decades

State Department Legal Adviser Reed Rubinstein made the arguments in a statement released days before a deadline for Trump to obtain congressional approval for the war with Iran.

|ByREUTERS
Drone view of oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026

Iran continuing to lay mines in Strait of Hormuz, US official says

In response to Iran placing mines around the Strait, which experts believe are fewer than 100, US President Donald Trump ordered the Navy to "shoot and kill any boat" suspected of doing so.

|ByARIELLA ROITMAN