US sanctions firms aiding Hezbollah and Iran proxies
The US Treasury's Office of Foreign Assets Control announced new sanctions on entities and individuals in Iraq, the UAE, Lebanon and Turkey for supporting Kata'ib Hezbollah and Hezbollah, under an initiative called "operation economic outcast" aimed at choking Tehran's funding for war, missiles, cyberattacks and the IRGC. Treasury also announced a $1.43 million settlement with a US citizen over 39 apparent Iran sanctions violations and said it will deny most Iran-related license requests until Iran changes its behavior. Officials reported large drops in Iranian oil loadings and pressure on the rial, while sanctions did not target Houthi actors in the Red Sea.
OFAC sanctioned entities tied to Kata'ib Hezbollah and Hezbollah.
Context
The United States has stepped up economic measures during the months-long war with Iran and related attacks. Treasury announced coordinated sanctions and tighter licensing rules. Further denials of Iran-related licenses and more sanctions…
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