PNN – A U.S. Treasury official, acknowledging the imposition of sanctions on more than 1,500 Iranian individuals and entities, announced Washington’s efforts to cut off financial and crypto currency flows to Iran.
According to the report of Pakistan News Network; a senior U.S. Treasury official for international affairs outlined new aspects of Washington’s economic warfare and hostile approach toward the Islamic Republic of Iran in an interview with Al Jazeera.
Citing the “maximum pressure” policy and Washington’s efforts to block Iran’s revenue channels, the U.S. official claimed that the United States has so far sanctioned over 1,500 Iranian individuals and entities, with the ultimate goal being the complete cutoff of all of Iran’s financial resources.
He claimed that these policies do not target the Iranian people, even though Washington’s comprehensive financial and banking sanctions directly strike at the economic, healthcare, and livelihood infrastructure of Iranian citizens—consequences that have repeatedly drawn criticism from international bodies.
Struggling to Block Crypto currency Channels
In another part of his remarks, the U.S. Deputy Secretary of the Treasury—referencing the monitoring of financial transactions—claimed that stringent measures were being implemented to cut off the flow of crypto currency to Iran; a move that reflects the desperation of U.S. security and economic agencies in their attempts to completely block the lifelines of the Iranian economy.
Baseless claim regarding oil flow through the Strait of Hormuz refuted by Reuters data
In the final part of the interview, the US official—referencing energy sector developments and the movement of oil tankers—claimed that crude oil is passing through the Strait of Hormuz at rates close to pre-war levels.
However, reliable data published by Reuters on October 8, 2026, exposed the falsity of this claim.
According to a Reuters report, the volume of crude oil passing through the Strait of Hormuz has dropped to approximately 74 percent of pre-war levels, and the traffic of commercial vessels and oil tankers in this strategic waterway has fallen to its lowest point in over two months—a reality that highlights efforts by Washington officials to downplay the impact of regional crises on the energy market.