U.S. sanctions groups aiding Iran allies
The U.S. Department of the Treasury announced new sanctions against entities and supporters of Iran's allies in the Middle East, including Iraqi businessmen, as part of efforts to economically isolate Iran. An American citizen agreed to pay $1.43 million to settle liability for violations of sanctions on Iran between 2019 and 2021. The sanctions target companies and individuals who support Hezbollah and Iranian agents, aiming to reduce the revenue Tehran uses to fund war, develop missiles, and carry out cyberattacks, as part of the "Economic Bastion Operation."
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