Over $130 million in digital assets linked to Iran’s central bank have been frozen by the US Treasury as tensions escalate with missile attacks on American forces across the Middle East. President Donald Trump confirmed that US military operations against Iran will continue indefinitely, signaling a sharp increase in hostilities after a brief pause earlier this year.
Missile Strikes and Rising Conflict
Mid-July 2026 saw Iranian ballistic missiles targeting US bases in Jordan, Bahrain, and Kuwait. Jordanian forces successfully intercepted several missiles, preventing casualties but marking the most significant escalation since a failed peace deal in June. Trump warned that military actions could extend to civilian infrastructure if diplomatic solutions remain out of reach. The Strait of Hormuz remains a critical flashpoint, with about 20% of the world’s oil passing through daily, making the conflict’s impact on global energy routes severe.
Crypto Sanctions Tighten Against Iran
On the financial front, Washington designated major Iranian cryptocurrency exchanges such as Nobitex, Wallex, and Bitpin under counterterrorism laws. Executives of these platforms were also personally sanctioned. This move goes beyond traditional blacklisting of wallet addresses, representing one of the largest crypto-related sanctions against a state entity. These actions aim to cut off Iran’s access to digital funds used for sanctions evasion amid ongoing military clashes.
This material is for informational purposes and does not constitute financial advice.
