Treasury's Office of Foreign Assets Control targeted 16 people and two entities in Iran that produce engines that power the drones used in the April 13 attack on Israel.
Canada announced it was sanctioning Iran's defence minister and top military command organizations while the U.S. and U.K. said they are targeting Iran's drone industry.
The U.S. and U.K. on Thursday imposed a new round of sanctions on Iran as concern grows that Tehran’s unprecedented attack on Israel could fuel a wider war in the Middle East.
Less than a week after Iran launched drones and missiles at Israel, the U.S. government on Thursday announced sanctions on more than a dozen Iranian officials and companies linked to the country’s unmanned aerial vehicles.
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on over a dozen entities, individuals, and ships for their role in the clandestine sale of Iranian unmanned
U.S. Secretary of State Antony Blinken is expected to within days announce
The sanctions by the Department of the Treasury's Office of Foreign Assets Control target 16 individuals and two entities involved in Tehran's drone production.
China's need for Iranian oil rules out Strait of Hormuz closure, but sowing 'chaos' as a strategy and sanctions threats will lead Iran to hold hijacked tankers.
U.S. officials told NBC News that they expect an Israeli response to Iran's attack to be limited in scope.
The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.
Iran says that it warned the United States, a key Israeli ally, of its attack on Israel but U.S. officials dispute those claims.
“The ball is now in Israel's court.”