Operation Economic Fury

U.S. Ambassador to the United Nations Mike Waltz reported Gulf allies' support for President Donald Trump's economic and military pressure campaign against Iran, citing deteriorating economic conditions in Iran and regional leaders' commitment to preventing Iran from obtaining a nuclear weapon.

The U.S. Treasury has seized nearly $1 billion in Iran-linked cryptocurrency as part of Operation Economic Fury, targeting financial networks linked to Iran. Tether froze $344 million in USDT across two Tron blockchain addresses connected to the Iranian Revolutionary Guard Corps (IRGC).

Fox News proposed cutting crypto exchanges from US banking to prevent Iran from using Bitcoin, but the article argues this approach would be ineffective since Iran uses peer-to-peer transactions rather than regulated exchanges. The Trump administration previously seized $500M in Iranian cryptocurrency through Operation Economic Fury, yet transactions continue through decentralized wallet-to-wallet transfers.

The US is intensifying an operation called Economic Fury that targets Iran's cryptocurrency network valued at approximately $7.7 billion. This represents an escalation in economic sanctions and enforcement actions against Iranian digital financial assets.

A fragile ceasefire has paused the US-Israeli conflict with Iran, but economic turmoil in Tehran has led to millions of job losses. The 'Operation Economic Fury' is exacerbating the crisis, crippling daily life for Iranians.

Treasury Secretary Scott Bessent claimed U.S. sanctions targeted wallets linked to Iran, but an analyst's analysis suggests the wallets may instead be connected to other state actors. The discrepancy highlights potential inaccuracies in the U.S. government's attribution of cryptocurrency wallets to Tehran.

White House press secretary Karoline Leavitt stated that Iran's seizure of two international ships in the Strait of Hormuz does not violate the ceasefire, as the vessels were not U.S. or Israeli. The U.S. maintains a naval blockade to exert economic pressure on Iran, while Iran accused the ships of unauthorized operations and navigation tampering.

White House press secretary Karoline Leavitt stated that Iran's seizure of two Greek and Mediterranean-flagged ships in the Strait of Hormuz does not violate the ceasefire with the U.S. because the vessels were not American or Israeli. The U.S. maintains a naval blockade targeting Iranian economic activity, while Iran accuses the ships of operating illegally and tampering with navigation systems.