The US Treasury’s Office of Foreign Assets Control (OFAC) has targeted 10 individuals and companies for “enabling efforts by Iran’s military to secure weapons, as well as raw materials with applications in Iran’s Shahed‑series unmanned aerial vehicles and ballistic missile programme,” it says on X.

“While the surviving IRGC leaders are trapped like rats in a sinking ship, the Treasury Department is unrelenting in our Economic Fury campaign,” US Treasury Secretary is quoted as saying in a statement. 

“Under President Trump’s decisive leadership, we will continue to act to keep America safe and target foreign individuals and companies providing Iran’s military with weapons for use against US forces.”

According to the Treasury, it has targeted entities in the Middle East, Asia and eastern Europe.