Iraq
How Iraq could become Washington's model for squeezing Iran
Iraq could serve as an example of how the United States could carry out its threat to force countries that continue trading with Iran out of the dollar-based financial system.
The Trump administration said on Friday it had issued fresh Iran-related sanctions targeting eight entities, one vessel and one person for their alleged role in providing sensitive machinery for Tehran's defense industry.
The Treasury Department issued counterterrorism-related sanctions targeting Yemen's Iran-aligned Houthis © Mena Today
The Trump administration said on Friday it had issued fresh Iran-related sanctions targeting eight entities, one vessel and one person for their alleged role in providing sensitive machinery for Tehran's defense industry.
"The United States remains resolved to disrupt any effort by Iran to procure the sensitive, dual-use technology, components, and machinery that underpin the regime’s ballistic missile, unmanned aerial vehicle, and asymmetric weapons programs," U.S. Treasury Secretary Scott Bessent said.
"Treasury will continue to degrade Iran’s ability to produce and proliferate these deadly weapons, which threaten regional stability and global security," he added in a statement announcing the action.
Two of the entities include shipping companies based in Hong Kong: Unico Shipping Co Ltd and Athena Shipping Co Ltd, the statement said.
The Treasury Department on Friday also issued counterterrorism-related sanctions targeting Yemen's Iran-aligned Houthis over alleged illicit oil trading and shipping, it said in a separate statement.
Those sanctions target four individuals, 12 entities, and two vessels over imported oil and other illicit goods to support the Houthis, the department said.
Reporting by Susan Heavey and Daphne Psaledakis
Iraq could serve as an example of how the United States could carry out its threat to force countries that continue trading with Iran out of the dollar-based financial system.
U.S. Treasury Secretary Scott Bessent announced what his department called "an economic onslaught" against Iran on Monday that combined new sanctions with threats against Tehran's trading partners.
Israeli Prime Minister Benjamin Netanyahu said on Monday that Iran had tried to kill one of his sons, but gave no details about when the alleged plot took place, which son was targeted or how close it came to being carried out.
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