US sanctions 10 entities for allegedly supporting Iran’s military
Summary
President Donald Trump’s administration added 10 individuals and companies to its sanctions list for supporting Iran’s military. These entities, based in countries including China, Pakistan, Turkey, Saudi Arabia, and Iran, are accused of supplying weapons and parts to Iran’s military under the Operation Economic Outcast campaign.Key Facts
- The US Treasury sanctioned 10 new individuals and companies linked to Iran’s military.
- Sanctioned entities are from China, Pakistan, Turkey, Saudi Arabia, and Iran.
- These groups allegedly helped supply weapons and military parts to Iran’s Ministry of Defense and Armed Forces Logistics.
- The sanctions are part of Operation Economic Outcast, started to limit Iran’s access to global markets.
- The US and Israel have been involved in ongoing conflict with Iran since February 28.
- Some Chinese firms were targeted despite improving trade relations between the US and China.
- Iranian currency dropped to a record low amid ongoing war and sanctions.
- The Treasury said it is working with Saudi partners in applying these sanctions.
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