US slaps new sanctions on networks aiding Iran's proxies in Middle East
Treasury said the designations target money-transfer networks and a U.S. citizen paid $1.43 million to settle sanctions violations.
- On Thursday, the Treasury Department announced new sanctions targeting Hezbollah and Kataib Hezbollah, which Treasury Secretary Scott Bessent said aims to isolate Iran economically as part of Operation Economic Outcast.
- Operation Economic Outcast, first announced August 24, aims to cut revenues Tehran uses to fund the war and build missiles, while Treasury maintains the policy until Iran stops obstructing the Strait of Hormuz.
- Iranian oil loadings dropped to about 0.2 million barrels per day from 1.8 million in January, while the Iranian rial depreciated by about 30% against the US dollar since the war began.
- Brett Erickson, managing principal with Obsidian Risk Advisors, argued the sanctions have only "marginal impact" on Iran's hard currency movement, noting they target Hezbollah but miss the "far more consequential" Iran-aligned Houthis.
- The ongoing war threatens President Donald Trump's approval ratings and Republican Party control of Congress, as Iran-aligned Houthis seized Yemen's port of Mocha on Thursday, advancing down the Red Sea coast.
51 Articles
51 Articles
US imposes new sanctions on Hezbollah and Irania proxy networks
Two ships struck by missiles in Strait of Hormuz, UKMTO reports According to a report by United Kingdom Maritime Trade Operations (UKMTO), witnesses aboard a nearby vessel reported seeing four unidentified projectiles hit the ships off Oman’s coast, igniting a fire on one as regional military operations continue.
The United States is again expanding pressure on networks accused of supporting Iran's regional activities.
Measures under Operation Economic Outcast target Kataib Hezbollah, Hezbollah, and financial networks, says State Department
The U.S. government has imposed additional sanctions on Middle Eastern companies and individuals that supported Iranian-backed Iraqi Shia militias and the Lebanese armed group Hezbollah. On the 10th (local time), the U.S. Treasury Department announced that it had designated companies and individuals operating in Turkey, the United Arab Emirates (UAE), Iraq, and Lebanon as Specially Designated Nationals (SDN). These include Iraq's Ka..., which ma…
The U.S. Treasury Department imposed sanctions on individuals and companies in Iraq, Lebanon, and the United Arab Emirates on Thursday because of alleged links with Iran and Tehran-supported organizations.
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