The United States Treasury Department has sanctioned ten entities linked to Iranian activities, including alleged arms procurement for Iran’s military. US Treasury Secretary Scott Bessent stated that the sanctions are intended to further degrade Iran’s military capabilities and limit its access to global markets. Three entities were located in Iran, targeting technology firms based in China, Pakistan, Turkiye, and Saudi Arabia. These sanctions were launched as part of Operation Economic Outcast, a Treasury Department effort to restrict Iran’s trade and financial activities. The sanctions target individuals and companies involved in weapons procurement for Iran’s military, with specific emphasis on weapons components for the Ministry of Defense and Armed Forces Logistics (MODAFL). The Treasury also announced actions coordinated with Saudi government partners, including targeting Iranian economic sectors.
Source: Al Jazeera
