Economic Fury
Coverage of Economic Fury in the Nexus archive.
- US sanctions Nobitex and other Iranian crypto exchanges under ‘Economic Fury’ campaign
US sanctions Nobitex and other Iranian crypto exchanges under the 'Economic Fury' campaign. The U.S. Treasury reported that Nobitex handled over half of Iran's crypto inflows last year.
- Maximalist Demands, Victory Day, and a Summit
One month after high-level talks in Pakistan, U.S.-Iran relations are deteriorating as Washington intensifies sanctions and maintains a blockade on Iranian shipping under an "Economic Fury" campaign, despite a ceasefire announced by President Trump on April 7. The negotiations that followed the Pakistan talks have failed to produce a breakthrough, bringing the countries closer to a breakdown of the ceasefire.
- Trump’s 'Economic Fury' squeezes Iran — but can Tehran outlast the pressure?
The Trump administration intensifies economic pressure on Iran through sanctions and financial enforcement, targeting oil exports and cryptocurrency. Treasury Secretary Scott Bessent claims the 'Economic Fury' campaign has disrupted billions in Iranian revenue, while analysts question its effectiveness in forcing regime concessions.
- Tether's $344 million USDT freeze linked to U.S. 'Economic Fury' against Iran regime
Tether froze $344 million in USDT linked to U.S. economic actions against the Iranian regime. The move is connected to the U.S. 'Economic Fury' campaign targeting Iran.
- US targets Chinese refinery in sweeping Iran oil crackdown, sanctions ‘shadow fleet’ tankers
The U.S. Treasury's OFAC sanctioned Hengli Petrochemical, a major Chinese oil refinery, and 19 'shadow fleet' tankers linked to Iran's oil exports, aiming to cut off Tehran's primary revenue source. The move is part of a broader 'Economic Fury' campaign to limit Iran's oil sales and fund its military and regional activities.