Timeline for Titan Exchange
#168 6 Aug
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.
Common Questions
What is Titan Exchange in the Iran sanctions case?
Why did the US sanction Titan Exchange?
Treasury said Titan Exchange enabled transactions for Shahr Bank and its sanctioned rahbar company FSAQ.Source: U.S. Treasury
Is Titan Exchange a crypto exchange?
Treasury describes Titan Exchange as a Dubai-based exchange house. Its 7 August 2026 announcement does not describe it as a digital-asset exchange.Source: U.S. Treasury
What other names does Titan Exchange use?
Treasury says Titan Exchange also operates as Titan Land Petrochemicals Trading L.L.C. and Titan Energy Petroleum Products Trading Co. L.L.C.Source: U.S. Treasury