US Sanctions 30 Individuals and Entities Tied to Iranian Arms, Oil Industries

The U.S. Treasury Department levied sanctions on Feb. 25 against 30 different individuals and entities linked to Iran’s arms and fossil fuel industries. “Iran exploits financial systems to sell illicit oil, launder the proceeds, procure components for its nuclear and conventional weapons programs, and support its terrorist proxies,” Treasury Secretary Scott Bessent said in a Wednesday statement. The Treasury Department said these latest sanctions are intended to curb individuals and entities helping Iran produce ballistic missiles and other advanced conventional weapons, as well as to stifle a so-called “shadow fleet” of vessels transporting Iranian oil. They come at a moment of heightened tensions, as President Donald Trump has threatened U.S. military strikes if Iranian leaders don’t submit to new security constraints. U.S. and Iranian delegations are due to meet in Geneva on Feb. 26 for a round of negotiations....