On the 1st, the U.S. Treasury announced an unprecedented action against the A7 Network as part of the new economic sanctions program "Operation Economic Outcast," which was announced to commence in August 2026 targeting Iran.
According to the announcement, the A7 Network is a shadow banking network used by the Iranian government and the Islamic Revolutionary Guard Corps (IRGC) to evade sanctions, and it also has ties with Russia. The U.S. has now...
