US slaps new sanctions on networks aiding Iran's proxies in Middle East
The US government has imposed new sanctions on individuals and firms in Iraq, the UAE, Lebanon, and Turkey for supporting Iranian-backed proxies like Hezbollah. This action is part of 'Operation Economic Outcast,' an ongoing campaign to isolate Iran economically and restrict its funding for military activities.
Why it matters
These sanctions represent a significant escalation in US efforts to disrupt Iranian regional influence and proxy warfare during a period of heightened geopolitical tension.
The US government announced new sanctions on Thursday against firms and individuals that it says are aiding Hezbollah and other Iranian proxies in the Middle East as it intensified its campaign to isolate Iran economically.The latest sanctions are part of the US Treasury Department's "Operation Economic Outcast," announced August 24, which aims to cut off Tehran's funding for the war, missile construction, cyberattacks and the Islamic Revolutionary Guard Corps, or IRGC.Thursday's actions by the US Treasury's Office of Foreign Assets Control hit entities and individuals in Iraq, the United Arab Emirates, Lebanon and Turkey that Washington said supported the Iraqi-based Kataib Hezbollah and Lebanon-based Hezbollah, the US Treasury said in a statement.The Treasury also announced a settlement with a US citizen who agreed to pay $1.43 million to settle their potential civil liability for 39 apparent violations of sanctions on Iran, and issued a broad whistleblower appeal for tips on…
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