Trump Admin Amps Up 'Economic Fury' With Fresh Iran Penalties
Summary
The U.S. Treasury Department added more than two dozen new individuals, companies, and ships to its sanctions list targeting groups linked to Iran and terrorist organizations like Hamas. These actions aim to block financial support and shipping networks connected to these groups in several countries.Key Facts
- The U.S. Treasury announced new sanctions on May 19.
- More than 24 people, companies, and vessels were added to the Specially Designated Nationals list.
- Targets include financial supporters and shipping networks linked to Hamas, HASM, and Iranian procurement firms.
- Sanctions carry "secondary sanctions risk," meaning others doing business with these parties could face penalties.
- The affected networks operate in countries like Turkey, Hong Kong, Spain, the UAE, and various maritime areas.
- The sanctions are part of ongoing U.S. efforts to pressure Iran and related groups.
- The Office of Foreign Assets Control (OFAC) manages these sanctions under Executive Order 13224 focused on counterterrorism.
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