The United States has taken action against a network of currency exchange houses, shell companies, and individuals accused of helping Iran move hundreds of millions of dollars through the international financial system.

Axar.az reports, citing the U.S. State Department, that State Department spokesperson Thomas "Tommy" Pigott said the measures were aimed at disrupting financial channels used by Tehran to access oil revenues and evade sanctions.

"The United States is taking decisive action to cut the financial lifelines that sustain Iran’s ruling elite," Pigott said in a statement.

He added that the action was part of the Trump administration's "maximum pressure" campaign against Iran, targeting entities accused of supporting the country's military activities and regional operations.

"The United States remains committed to working with partners across the region and the world to close every avenue Iran uses to fund its destabilizing activities," Pigott said.