Story perspectives

Treasury Bars Iran Oil Toll Payments, Sanctions 35 Entities

4/29/2026

Left

Treasury Warns Banks

Treasury warned banks that processing Strait of Hormuz toll payments for Iran or its Revolutionary Guard could trigger U.S. sanctions.
U.S. President Donald Trump’s administration sanctioned 35 entities and individuals in Iran’s shadow-banking network on April 28, 2026.
Designations target rahbar firms and Chinese “teapot” refineries moving billions for illicit oil sales.
Secretary Scott Bessent said the shadow-banking system funds Iran’s armed forces and fuels regional violence.

Right

US Sanctions China

Gordon Chang told Fox Business China enables Iran’s oil exports criminally and urged U.S. sanctions on Chinese refineries and vessels.
The United States imposed sanctions on 35 entities and individuals linked to Iran’s shadow-banking network on April 28, 2026.
Scott Bessent warned firms working with Iranian airlines risk U.S. sanctions.
Iran media reported flights resumed from Tehran to Istanbul, Muscat, Medina, Iraq and Qatar.

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Treasury Warns Banks

Treasury warned banks that processing Strait of Hormuz toll payments for Iran or its Revolutionary Guard could trigger U.S. sanctions.
U.S. President Donald Trump’s administration sanctioned 35 entities and individuals in Iran’s shadow-banking network on April 28, 2026.
Designations target rahbar firms and Chinese “teapot” refineries moving billions for illicit oil sales.
Secretary Scott Bessent said the shadow-banking system funds Iran’s armed forces and fuels regional violence.

1 / 2