The Office of Foreign Assets Control stated that the targets are managing multiple networks to support these Iranian military industries. In a statement, it said: “Today, the Office of Foreign Assets Control of the Treasury Department imposed sanctions on Iranian financial facilitators and individuals and entities in the United Arab Emirates and Hong Kong, due to their role in coordinating the transfer of funds, including proceeds from the sale of Iranian oil, which benefits the Quds Force of the Iranian Revolutionary Guard and the Iranian Ministry of Defense.” The ministry published a list of the individuals and entities included in the latest sanctions package.
It repeatedly condemned U.S. sanctions policy, asserting that it will not deter them from developing their nuclear and missile programs, nor will it halt their oil trade.
It is noteworthy that Israel and Iran exchanged air strikes and missile attacks from June 13 to June 24 of last year. The war included Iran bombing “strategic targets” and Israel destroying several vital targets in Iran, as well as U.S. and Israeli bombing of Iran’s nuclear facilities, followed by an Iranian attack on the American Al-Udeid Air Base in Qatar on June 24, 2025, before President Donald Trump announced that the parties had reached a ceasefire.
