The State Department said Tuesday it is "taking action" against dozens of entities and individuals behind Iran’s covert financial network, thereby cutting off billions of dollars to the Iranian regime.

The actions are part of the United States' maximum pressure campaign against Iran in the midst of the conflict in the Middle East. The U.S. and Israel launched an attack on Iran in February, which killed multiple Iranian leaders. 

The State Department said it is taking action against 35 individuals and entities helping Iran, including banking networks that enable the transfer of tens of billions of dollars to help Iran evade sanctions.

"By dismantling these financial channels, we advance the Administration’s policy in the conflict with Iran and underscore our commitment to imposing maximum pressure on Iran," State Department spokesman Tommy Pigott said. "While the Iranian regime enriches corrupt elites, ordinary Iranians suffer under a deteriorating economy.

"We will not relent in our efforts to deny Iran and its proxies the resources they use to threaten U.S. interests and regional stability," he added. 

Pigott did not specify the amount the U.S. is cutting off to Iran but said the funds are used to support Iran’s terrorist proxy groups throughout the Middle East. 

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.