WASHINGTON: The United States has imposed a fresh round of sanctions targeting 10 individuals and companies accused of supporting Iran’s military procurement network, according to the US Treasury Department’s Office of Foreign Assets Control (OFAC).
The measures are aimed at disrupting efforts to obtain weapons components and sensitive raw materials linked to Iran’s Shahed-series drones and ballistic missile programme.
In a statement posted on X, OFAC said the sanctioned individuals and entities were involved in facilitating the transfer of equipment, technology, and materials used by Iran’s Islamic Revolutionary Guard Corps (IRGC).
Today, as part of Economic Fury, Treasury’s Office of Foreign Assets Control (OFAC) targeted 10 individuals and companies based in several jurisdictions across the Middle East, Asia, and Eastern Europe that are enabling efforts by Iran’s military to secure weapons, as well as raw…
— Treasury Department (@USTreasury) May 8, 2026
US Treasury Secretary Scott Bessent said Washington would continue intensifying economic pressure on Tehran as part of the administration’s broader “Economic Fury” campaign.
“While the surviving IRGC leaders are trapped like rats in a sinking ship, the Treasury Department is unrelenting in our Economic Fury campaign,” Bessent said in the statement.
He added that under President Donald Trump’s leadership, the United States would continue targeting foreign individuals and companies accused of supplying Iran’s military with weapons and strategic materials allegedly used against US forces and regional allies.
The sanctions freeze any US-based assets belonging to the designated individuals and companies and prohibit American businesses or citizens from engaging in transactions with them.
Officials say the move is intended to weaken Iran’s military supply chains, particularly those connected to the production of Shahed drones.
Washington has repeatedly accused Tehran of expanding its drone and missile capabilities in violation of international restrictions, while Iran maintains that its defence programmes are purely for national security and deterrence purposes.
