Bangladesh, July 28 -- The United States has intensified its financial pressure on Iranian businessman Babak Morteza Zanjani by imposing a new round of sanctions targeting his close associates, family members, and an extensive international network of cryptocurrency exchanges and commercial enterprises. The latest measures, announced by the US Department of the Treasurys Office of Foreign Assets Control (OFAC), are part of Washingtons broader effort to disrupt financial channels that allegedly support Irans Islamic Revolutionary Guard Corps (IRGC) and help Tehran circumvent international sanctions.

The new sanctions designate four individuals and nine entities that US officials say played important roles in facilitating Zanjanis global b...