The US Department of the Treasury on Wednesday imposedsanctions on seven individuals and entities accused of supporting weaponsprocurement for Iran's Islamic Revolutionary Guard Corps (IRGC), citingTehran's recent attacks on commercial vessels in the Strait of Hormuz.
"President Trump has been clear that Iran mustdenuclearize," Treasury Secretary Scott Bessent stated, vowing that the Treasurywill continue to target and disrupt “the illicit procurement networks that fundIran's weapons programs and war machine."
Today, following Iran’s attacks on commercial vessels in the Strait of Hormuz, Treasury’s Office of Foreign Assets Control sanctioned targets involved in an international network supporting weapons procurement efforts on behalf of the Islamic Revolutionary Guard Corps.
— Treasury Department (@USTreasury) July 15, 2026Under the sanctions, all US-based property and financialinterests belonging to the designated individuals and entities are blocked, andUS persons are generally prohibited from conducting transactions with them. TheTreasury also warned that foreign financial institutions could face secondarysanctions if they knowingly facilitate significant transactions involvingsanctioned parties.
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