US Targets Iran’s Military Supply Chain as the Status of Diplomatic Talks Remains Uncertain
- On Tuesday, Treasury Secretary Scott Bessent announced sanctions on ten entities in Iran, Hong Kong, and Pakistan, targeting alleged weapon procurement for the Iranian defense ministry.
- These sanctions are part of the 'Operation Economic Outcast' campaign, which aims at severing 'critical financial lifelines' for the Iranian government amid its seven-month war.
- Treasury Department officials aim to increase costs for those assisting Iran's military procurement, seeking to disrupt defense systems and degrade the government's ability to reconstitute weapons.
- Iran's currency fell to a record low on Tuesday, with traders in Tehran exchanging more than 2.5 million rials to the dollar, down from 2.2 million on Sept 2.
- This year's naval blockade and ongoing economic warfare have sent the Iranian economy into freefall as diplomacy between the two countries remains uncertain.
53 Articles
53 Articles
US sanctions 10 in Iran drone, missile parts network
Credit: bne IntelliNewsThe US Treasury has sanctioned 10 individuals and entities across five countries for sourcing drone and ballistic missile electronics for Iran, including Chinese, Pakistani, Saudi-registered and Turkish firms.
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The US Treasury Department announced today that it has imposed sanctions on 10 individuals and entities - some of them based in China and Pakistan - for allegedly helping Iran's Ministry of Defense procure weapons and related components. The sanctions are part of the Trump administration's broader effort to isolate Iran economically and force it to negotiate a deal to end the war, which began in February with US-Israeli attacks on the Islamic Re…
US imposes sanctions on 10 individuals for allegedly purchasing weapons for Iran The US has imposed sanctions against 10 individuals and companies from China<p>, Hong Kong and Pakistan for assisting Iran in arms purchases</p>.
The United States imposed sanctions on 10 people and entities this Tuesday, including some based in China, Hong Kong and Pakistan, for helping Iran's Ministry of Defense to acquire weapons and components, the US Treasury Department reported. Read also: Mediators have separate meetings with the US and Iran Trump denies intent to defrost assets and relieve sanctions to Iran US Forces leave Iraq after two decades and open space for Iran Sanctions a…
The United States has imposed sanctions on 10 individuals and entities that have helped the Iranian Ministry of Defence acquire arms and components, including those from China, Hong Kong and Pakistan.
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