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2026-07-16 07:18:14
[US Treasury Imposes Further Sanctions on Iran, Targeting International Weapon Procurement Network] 1. The US Treasury Department on Wednesday imposed sanctions on several individuals and entities, stating that they constitute an international supply network assisting Iran in procuring weapons. The sanctions target Iranian and Russian nationals, as well as several entities located in Iran, Russia, and Nigeria. 2. In a statement, the Treasury Department said the sanctioned network "fully reveals how Iran uses foreign airlines and transport companies, financial channels, and travel coordinators to cover up the procurement activities of the Islamic Revolutionary Guard Corps and its Quds Force, and to move supplies and personnel globally." 3. This round of sanctions is based on the authorization of Executive Order 13902 and aims to cut off Iran's access to sensitive technologies for its ballistic missile and drone programs. This action comes amid escalating US-Iran military tensions—Iran recently launched a series of attacks on oil tankers in the Strait of Hormuz, while the US military has conducted airstrikes against targets within Iran for several days.
