US sanctions Iranian crypto exchange BitBank over alleged bitcoin transfers to IRGC
Published . Updated .
Treasury said the previously sanctioned Hormuz Safe platform used BitBank to transfer payments collected since June.
Directly affected
- CRCW Crypto
Named in this report.
Indirectly affected
- FRO Frontline
Tanker operators earn more when freight rates spike
- INSW International Seaways
Tanker operators earn more when freight rates spike
- DHT DHT Holdings
Tanker operators earn more when freight rates spike
- TNK Teekay Tankers
Tanker operators earn more when freight rates spike
- USO United States Oil Fund
Tracks U.S. crude prices when Gulf supply is at risk
- XLE Energy Select Sector SPDR
Energy companies move with a Gulf supply scare
- LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
- XOM Exxon Mobil
Oil producers earn more when crude prices rise
- CVX Chevron
Oil producers move when sanctioned barrels leave the market
- DAL Delta Air Lines
Airlines pay more for fuel when oil prices jump
Price reaction, T-5 to T+3
Treasury said the previously sanctioned Hormuz Safe platform used BitBank to transfer payments collected since June.
Source: The Block
United States Brent Oil Fund (BNO) since this story, compared with the market
Since the first closing price after “US sanctions Iranian crypto exchange BitBank over alleged bitcoin transfers to IRGC,” United States Brent Oil Fund (BNO) is +10.80%. The S&P 500 fund (SPY) is +0.65% over the same days, a +10.15% difference versus the market.
Strait of Hormuz on the map for this story
Strait of Hormuz has 198 linked stories in the last 7 days and 198 in the last 30 on the page that also carries “US sanctions Iranian crypto exchange BitBank over alleged bitcoin transfers to IRGC.” The recent pace is rising.
Who gains and who pays if Strait of Hormuz stays in the story
Companies tied to this story
- BNO United States Brent Oil Fund
For “US sanctions Iranian crypto exchange BitBank over alleged bitcoin transfers to IRGC,” United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- UGA United States Gasoline Fund
In “US sanctions Iranian crypto exchange BitBank over alleged bitcoin transfers to IRGC,” United States Gasoline Fund (UGA) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- GSG iShares S&P GSCI Commodity-Indexed Trust
iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, high confidence in the 17 Sep 2026 story “US sanctions Iranian crypto exchange BitBank over alleged bitcoin transfers to IRGC.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- VDE Vanguard World Fd
Vanguard World Fd (VDE) is linked, with no stored direction, high confidence in the 17 Sep 2026 story “US sanctions Iranian crypto exchange BitBank over alleged bitcoin transfers to IRGC.” Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- FENY
In “US sanctions Iranian crypto exchange BitBank over alleged bitcoin transfers to IRGC,” FENY is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf
For “US sanctions Iranian crypto exchange BitBank over alleged bitcoin transfers to IRGC,” State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- IEZ Ishares U.S. Oil Equipment & Services Etf
In “US sanctions Iranian crypto exchange BitBank over alleged bitcoin transfers to IRGC,” Ishares U.S. Oil Equipment & Services Etf (IEZ) is linked, with no stored direction, high confidence. Reason on file: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
- BITB Bitwise Bitcoin ETF
Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence in the 17 Sep 2026 story “US sanctions Iranian crypto exchange BitBank over alleged bitcoin transfers to IRGC.” Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
What Strait of Hormuz means for United States Brent Oil Fund (BNO)
The 17 Sep 2026 story “US sanctions Iranian crypto exchange BitBank over alleged bitcoin transfers to IRGC” names United States Brent Oil Fund (BNO) because of Strait of Hormuz.
The link for United States Brent Oil Fund (BNO) is this: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
United States Gasoline Fund (UGA) is here too. Its reason reads: Oil-transport or export disruption can transmit through crude and refined-product prices, energy-producer cash flows, and oil-services activity
Price levels for United States Brent Oil Fund (BNO)
BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. GSG traded between 35.09 and 37.22 across 10 sessions. The latest close on file is 37.04. UGA traded between 140.00 and 152.81 across 20 sessions. The latest close on file is 143.49.
How strong the case is around United States Brent Oil Fund (BNO)
46 out of 100
“US sanctions Iranian crypto exchange BitBank over alleged bitcoin transfers to IRGC” scores 46 out of 100. The score uses 1 sources, and 13 linked companies.