U.S. announces sanctions against companies, people tied to Iranian weapons

The U.S. Treasury Department announced a new round of economic sanctions against several companies and individuals involved in aiding Iran with its development of attack drones or ballistic missiles.

Most of the individuals or companies are based in Iran, though there are other entities tied to Turkey and the United Arab Emirates.

“The Iranian regime must be held accountable for its extortion of global energy markets and indiscriminate targeting of civilians with missiles and drones,” Treasury Secretary Scott Bessent said in a statement. “Under President Trump’s leadership, as part of Economic Fury, Treasury will continue to follow the money and target the Iranian regime’s recklessness and those who enable it.”

Among those sanctioned on Tuesday was Mahan Air, a private airline based in Tehran, as well as the airline’s chairman and several members of its board of directors. Mahan Air was allegedly providing support to Iran’s Islamic Revolutionary Guard Corps-Qods Force.