The United States has issued a fresh round Iran-related sanctions targeting individuals and entities that Washington says finance Tehran’s military, including some in Hong Kong and the United Arab Emirates, the US Treasury Department said on Tuesday.

Those targeted have helped coordinate funds transfers, including from the sale of Iranian oil, that benefit Iran’s military force, the Islamic Revolutionary Guard Corp (IRGC)- Quds Force and its Ministry of Defense and Armed Forces Logistics (MODAFL), the Treasury said.

“Iranian ‘shadow banking’ networks like these — run by trusted illicit financial facilitators — abuse the international financial system, and evade sanctions by laundering money through overseas front companies and cryptocurrency,” it said in a statement.

US sanctions generally prohibit American individuals and companies from engaging in any business transactions with those targeted.

The US had issued Iran-related sanctions in June this year as well, taking aim at the procurement of machinery for the country’s defense industry.

The US Treasury Department had said back then that it was targeting an individual and eight entities over their roles in the sourcing and transshipment of “sensitive machinery for Iran’s defense industry”.

Iran said earlier this month that the path to nuclear negotiations between Iran and the United States is not closed but US demands for curbs on Iranian ballistic and hypersonic missiles are obstructing prospects for talks.

A sixth round of Iran-US talks was suspended after Israel and the US struck Iranian military and nuc­lear facilities and Iran ret­aliated with waves of ballistic and hypersonic missiles against Israel.

Opinion

Editorial

Petrol shock
08 Mar, 2026

Petrol shock

PAKISTANIS have felt the first direct economic tremor of the escalating confrontation between the US-Israel combine...
Women’s Day
08 Mar, 2026

Women’s Day

IT is a simple truth: societies progress when women are able to shape them. Yet the struggle for equality has never...
Rescuing hockey
08 Mar, 2026

Rescuing hockey

PAKISTAN hockey is back to where it should be. Years of misses came to an end on Friday with a long-awaited...
Limiting the damage
Updated 07 Mar, 2026

Limiting the damage

Govt plan to revive a range of Covid-era steps reflect a recognition that early restraint can limit disruptive interventions.
Diplomatic option
07 Mar, 2026

Diplomatic option

WITH Operation Ghazab lil Haq underway for over a week now, Pakistan has demonstrated that it can take firm action...
Polio, again
07 Mar, 2026

Polio, again

ANOTHER child has fallen victim to polio, this time in Sindh. The National Institute of Health this week confirmed...