US imposes sanctions on global networks supporting Iran drone, missile programs
. . . initiative has reportedly disrupted billions in projected oil revenue, frozen nearly US $500 million in regime-linked digital assets, and intensified the crackdown on Tehran's "shadow banking" networks.
The US Treasury Department Friday designated 10 individuals and entities across several jurisdictions for facilitating Iran’s military procurement efforts.
The sanctioned network, spanning the Middle East, Asia, and Eastern Europe, allegedly secured critical components for Iran’s Shahed-series unmanned aerial vehicles (UAVs) and ballistic missile program.
The move, part of the administration’s “Economic Fury” campaign, aims to proactively disrupt clandestine networks that bolster Tehran’s defense industrial base.
Concurrently, the US State Department has designated four additional entities linked to Iran’s conventional arms activities. Treasury Secretary Scott Bessent characterized the measures as a continuation of “unrelenting” economic pressure.
“Under President Trump’s decisive leadership, we will continue to act to keep America safe and target foreign individuals and companies providing Iran’s military with weapons for use against US forces,” Bessent stated.
The Treasury Department further noted it is maintaining a “maximum pressure” posture to curtail the regime’s ability to generate, move, and repatriate funds.
To date, the “Economic Fury” initiative has reportedly disrupted billions in projected oil revenue, frozen nearly US $500 million in regime-linked digital assets, and intensified the crackdown on Tehran’s “shadow banking” networks.
Washington also signaled its readiness to impose secondary sanctions on foreign financial institutions facilitating these activities, specifically citing those connected to independent “teapot” oil refineries in the People’s Republic of China.
The Treasury warned that any person or vessel facilitating the illicit trade of oil or other commodities through covert channels risks exposure to US sanctions.
The administration remains committed to targeting both traditional evasion schemes and the exploitation of digital assets while continuing to freeze funds allegedly misappropriated from the Iranian people.
— KUNA
