The U.S. Treasury sanctioned more than two dozen individuals, companies, and vessels in Mohammad Hossein Shamkhani's oil smuggling network and a separate Hizballah gold-for-oil scheme that ultimately funds Iran's military — both announced under the 'Economic Fury' campaign. The Shamkhani network moves billions in Iranian and Russian oil globally while enriching regime elites; the Treasury also froze assets and warned foreign banks of secondary sanctions for any Iranian transactions. These actions are part of ongoing pressure on Iran's illicit financing as the U.S. maintains a naval blockade in the Strait of Hormuz during the ongoing U.S.-Israel war with Iran.