The designated parties supplied electronics for military aircraft and missile programs for Iran's Ministry of Defense and Armed Forces Logistics, Treasury said. The sanctions, issued under Executive Order 13382, freeze all assets subject to US jurisdiction and expose foreign banks that engage with these networks to secondary sanctions.
Tuesday, October 20, 2026
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US Sanctions 10 Parties in Iran Weapons Network Spanning 6 Nations
Geopolitics21 days ago
Washington blocked assets of intermediaries in Asia and the Middle East to disrupt the flow of components for Iranian drones and ballistic missiles. The US Treasury's Office of Foreign Assets Control designated 10 individuals and entities across Iran, China, Hong Kong, Pakistan, Saudi Arabia and Türkiye under its Operation Economic Outcast campaign. Targets include MODAFL's Beijing representative Seyyed Asghar Alizadeh Tabatabai as well as firms Kavoshcom Asia R and D Group and EC Mojo Technology.
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