Treasury kicks off new wave of Iran sanctions
By 
Jeff Dale2024-04-18T21:20:00
The Treasury Department announced new sanctions against Iran on Thursday, with Treasury Secretary Janet Yellen promising “further actions in the days and weeks ahead” following the Middle East nation’s attack on Israel.
The Treasury’s Office of Foreign Assets Control (OFAC), in coordination with the United Kingdom, targeted two entities and 16 individuals determined to have enabled Iran’s production, procurement, and proliferation of unmanned aerial vehicles (UAVs) like those used in the April 13 attack, the agency said in a press release.
OFAC also designated five companies providing component materials for steel production to Iran’s Khuzestan Steel Company (KSC) and three subsidiaries of Iranian automaker Bahman Group.
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