On May 1, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) added three Iranian foreign‑currency exchange houses—Pedram Pirouzan and Associates Partnership Company (Opal Exchange), Nasser Ghasemi Rad and Associates Partnership Company (Radin Exchange), and Tahayyori and Associates Partnership Company (Arz Iran Exchange)—to the Specially Designated Nationals list. The move, part of the “Economic Fury” campaign, aims to cut the Iranian regime’s financial lifelines that support its war effort. OFAC also designated 13 front companies linked to Opal Exchange and two additional entities that facilitate transactions for sanctioned Iranian persons. The designations are made under Executive Order 13902 and target individuals and entities that help Iran move and repatriate foreign‑currency funds, including those from oil sales. Property in the United States belonging to these persons is now blocked, and U.S. persons may not conduct transactions with them.
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