U.S. Imposes New Sanctions on Iran Targeting Weapons Procurement and Sanctions-Evasion Networks

The U.S. Office of Foreign Assets Control (OFAC) announced new sanctions on July 15, 2026, targeting seven individuals and entities involved in a network supporting weapons procurement for Iran's Islamic Revolutionary Guard Corps (IRGC) following attacks on commercial vessels. Additionally, OFAC intensified sanctions on July 14, 2026, against a network facilitating Iranian oil exports and global commodities trading.