The United States imposed new sanctions on the network of Iranian financier Babak Zanjani, intensifying economic pressure on Tehran as President Donald Trump threatens to launch a 'large-scale attack' if Iran does not return to the negotiating table.

The Treasury Department announced new sanctions on Friday against four individuals and nine entities linked to Zanjani's sanctions evasion network.

The blacklisted entities include those linked to his digital asset trading platforms, along with their directors and relevant executives.

An archive photo of Iranian financier Babak Zanjani: Reuters

fhf; .k[hkd w,vm Hvadtdm lk v,djv.

Zanjani was sentenced to death in Iran on corruption charges in 2016, but his sentence was commuted in 2024.

Since then, he has reemerged as a public supporter of economic projects linked to the regime.

He established a network of prominent infrastructure and transportation projects alongside digital asset companies, according to a Treasury Department statement.

Read also: Gold price continues to decline amid escalating Iran war tensions

Targeting Iran's economic resources

US Treasury Secretary Scott Bessent said in the statement: 'The Treasury Department will continue to cut off access to economic resources for corrupt elites in the Iranian regime, along with their financiers and those who facilitate their activities.'

The new sanctions follow a package announced in January that also targeted the Iranian financier's network, as the Trump administration seeks to pressure Iran militarily, economically, and through a naval blockade to reach an agreement.

President Trump: AFP

__AFP_C3244LZ-1784841639

The US State Department announced on Thursday a reward of up to $15 million for information on the activities of an Iranian company involved in missile production, named 'Beh Joule Pars', and two of its executives.

Read also: Heavy losses in global bonds amid inflation fears and oil price surge

Earlier this month, Washington announced new sanctions after the collapse of the ceasefire agreement between the United States and Iran, renewing efforts to target financiers, as well as digital wallets and shadow fleet vessels.