US freezes $344M in Iranian crypto

The United States has frozen $344 million in cryptocurrency wallets linked to Iran, as part of a sweeping pressure campaign branded 'Economic Fury,' Treasury Secretary Scott Bessent said. Washington will track every dollar Tehran tries to move abroad, expanding financial warfare beyond banks into the crypto space. Simultaneously, the U.S. targeted 40 shipping companies and tankers tied to Iran's so-called shadow fleet, tightening the chokehold on oil exports and global trade routes. This action continues the Trump administration's strategy of using financial control as a primary weapon against Iran.