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US slaps new sanctions on networks aiding Iran's proxies in Middle East

WASHINGTON: The US government announced new sanctions on Thursday against firms and individuals that it says are aiding Hizbollah and other Iranian proxies in the Middle East as it intensified its campaign to isolate Iran economically.

US slaps new sanctions on networks aiding Iran's proxies in Middle East

The US government has announced new sanctions against firms and individuals aiding Hizbollah and other Iranian proxies in the Middle East, as part of its ongoing effort to isolate Iran economically. These sanctions are part of the Treasury Department's Operation Economic Outcast, which aims to cut off Iran's revenues used for funding the war, building missiles, conducting cyberattacks, and supporting the Islamic Revolutionary Guard Corps (IRGC).

The latest actions by the Treasury's Office of Foreign Assets Control target entities and individuals supporting Kata ib Hizbollah, an Iraqi Shia paramilitary group under IRGC command, and Hizbollah, a Lebanese Shia party.

Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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