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ANDY PARRISH

US Treasury Imposes Sanctions on Global Network Supporting Iran’s Weapons Procurement

| July 16, 2026 |Updated 2h ago |~1 min read |national |Source: www.theepochtimes.com
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The U.S. Treasury Department on Wednesday sanctioned an international network of individuals and companies in Iran, Nigeria, Italy, and Russia for supporting weapons procurement efforts on behalf of Iran’s Islamic Revolutionary Guard Corps (IRGC). The action comes after a series of Iranian attacks on commercial vessels in the Strait of Hormuz in recent days. The sanctions designate seven individuals and entities under Executive Order 13382, which focuses on proliferators of weapons of mass destruction and their supporters. They follow previous actions in May and June as part of the broader “Economic Fury” campaign to undermine Iran’s military supply chains....

Originally published at www.theepochtimes.com
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