On Oct 21, the U.S. Treasury announced a new round of sanctions as part of an "economic isolation" campaign, targeting law firms based in Panama and Greece that it said supported Iran's illicit shipping and indirectly helped Tehran generate revenue to fund its military, weapons and nuclear programs. The action also sanctions shipping agents in Singapore and the UAE accused of directly assisting Iran's "shadow fleet", and targets a group of cargo vessels used to generate revenue for Iran.

2026-10-22

On Oct 21, the U.S. Treasury announced a new round of sanctions as part of an "economic isolation" campaign, targeting law firms based in Panama and Greece that it said supported Iran's illicit shipping and indirectly helped Tehran generate revenue to fund its military, weapons and nuclear programs. The action also sanctions shipping agents in Singapore and the UAE accused of directly assisting Iran's "shadow fleet", and targets a group of cargo vessels used to generate revenue for Iran.