⚡️🇺🇸🇮🇷 — US Treasury launched "Operation Economic Outcast" against Iranian financial and petroleum networks funding Tehran and regional proxies, per an official press release.

➡️ Sanctions hit Iraq’s International Development Bank (IDB) for providing illicit dollar access; offshore banks Jazireh and Chabahar; and Dubai-based oil broker Sayyed Ruhollah Razavi. Razavi smuggled millions of NIOC/Naftiran oil barrels monthly, laundering revenues into cash and gold via Hong Kong, UAE, and Türkiye shell networks back to Iran via Mahan Air. His fronts Tejarat Gostar and Farzanegan Energy were also designated.

➡️ Treasury also targeted Shahr Bank affiliate FSAQ (plus 7 employees) and Hong Kong's Elitesphere Trading for processing oil funds via rahbar networks. Front exchange houses Hosseini Parsa, Najafzadeh, Jalali, and Bavi & Partners were designated alongside Dominican-Iranian IRGC-QF facilitator Sadegh Bavi, a weapons procurer who used Hosseini Parsa’s corporate credentials to launder illicit petrochemical revenues.

➡️ Separately, the State Department designated Cuba-based BICSA (E.O. 14404) for servicing Iran’s Karafarin Bank since 2022. All other entities were designated under E.O. 13902 targeting Iran’s core financial and petroleum sectors.

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