U.S. sanctions target Iran support networks
The United States announced that it has imposed new sanctions on companies and individuals supporting Hezbollah and Iran's allies in the Middle East, as part of the "Economic Exclusion Operation" aimed at reducing Iran's revenue to fund military activities, missile programs, cyberattacks, and support for the Revolutionary Guard. The sanctions targeted entities in Iraq, the United Arab Emirates, Lebanon, and Turkey. The State Department also announced a financial settlement with an American citizen who paid $1.43 million due to violations of sanctions. Additionally, it was emphasized that the sanctions campaign has significantly impacted the Iranian economy, with Iranian oil exports decreasing notably, food prices rising, and the Iranian rial dropping by about 30%. Efforts to financially isolate Iran and undermine its military capabilities continue, although the new sanctions do not directly target the Houthis, despite their advances in Yemen and control over Bab el-Mandeb Strait.
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