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US sanctions 35 firms and individuals tied to Iran shadow banking and Strait of Hormuz tolls
International
Published on 28 April 2026
Tolls to Iran or IRGC could trigger penalties
The US has imposed sanctions on 35 individuals and entities targeting Iran’s shadow banking system that moves billions to help evade restrictions and fund terrorism-related activity. The measures also warn that companies paying tolls to Iran or the IRGC for passage through the Strait of Hormuz could face similar penalties, widening the crackdown beyond financial channels.
- US action hits 35 individuals and entities linked to Iran’s shadow banking
- The network is accused of moving billions to enable sanctions evasion
- Firms paying tolls to Iran or IRGC for Hormuz passage face sanctions risk
- US claims the system supports Iran and terrorism financing
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times