Timeline for Titan Exchange
OFAC hits Iranian crypto exchanges in Dubai
Iran Conflict 2026Background
Titan Exchange is a Dubai-based exchange house. Treasury says it also operates under the business names Titan Land Petrochemicals Trading L.L.C. and Titan Energy Petroleum Products Trading Co. L.L.C. It is unrelated to Titan, the drone multi-sensor product.
On 7 August 2026, OFAC designated Titan Exchange under Executive Order 13902 for supporting Shahr Bank. Treasury said the exchange enabled transactions at the request of Shahr Bank and its sanctioned rahbar company FSAQ, and held tens of millions of dollars for the bank in early 2026. The designation targets an exchange-house route used to move Iranian oil revenue and evade sanctions.
What is Titan Exchange in the Iran sanctions case?
Why did the US sanction Titan Exchange?
Is Titan Exchange a crypto exchange?
What other names does Titan Exchange use?
Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 11 August 2026. Editorial standards.