US intensifies pressure on Iran with $344 million crypto freeze amid warnings over Tehran’s oil exports

The United States Department of the Treasury has frozen more than $344 million in cryptocurrency tied to Iran as part of a campaign aimed at cutting off Tehran’s access to global revenue streams, according to a report by Fox News citing US officials.

The move is reportedly part of “Operation Economic Fury,” an expanding economic pressure campaign targeting Iran’s oil exports, banking networks and sanctions-evasion systems under the administration’s renewed “maximum pressure” strategy.