United States President Donald Trump’s administration has added a group of 10 individuals and companies to its list of global entities being sanctioned over alleged ties to the Iranian military.
asserted
administration → add → military
In a statement on Tuesday, the US Treasury accused representatives and technology firms based in China, Pakistan, Turkiye and Saudi Arabia of procuring weapons and parts for Iran’s military.
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Treasury → accuse → military
Three of the sanctioned entities were located in Iran.
asserted
Three → sanction → Iran
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“Today’s action further degrades the Iranian regime’s ability to reconstitute its weapons programs and increases the costs for those who choose to aid Tehran’s military procurement efforts,” the US Treasury said.
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Treasury → seek → efforts
The sanctions were undertaken as part of Operation Economic Outcast, a Treasury Department effort to further restrict Iran’s access to global markets.
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sanctions → undertake → markets
Iran has been locked in a war with the US and Israel since February 28, after the two allies launched a series of deadly attacks targeting Tehran’s leadership and military.
But critics have argued that the war has no clear end in sight, despite claims of victory on both sides.
uncertain
war → lock → sides
US Treasury Secretary Scott Bessent announced Operation Economic Outcast in August, aimed at pressuring Tehran into agreeing to a deal to end the war.
asserted
Bessent → announce → war
Trump claimed the operation would usher in “economic warfare and isolation on an unprecedented scale”, and he warned that any country that participates in trade with Iran would face “tremendous” consequences.
As part of the campaign’s initial volley of sanctions, China-based firms and business leaders were targeted.
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firms → claim → sanctions
But China remains one of Iran’s largest trading partners, and the Trump administration has faced scrutiny over how forcefully it would confront Beijing over its participation in Iran’s economy.
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it → remain → economy
At the time, Bessent defended the administration’s decision to delay certain sanctions by saying, “We’re giving everyone the opportunity to remedy bad behaviour.
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We → defend → behaviour
Why would I want to blow up the global financial system?”
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I → want → system
Trump recently hosted Chinese President Xi Jinping for his first state visit to the White House in more than a decade, after which Trump touted progress in the trade talks between the two countries.
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Trump → host → countries
Despite the warming ties, several Chinese firms were among those sanctioned in Tuesday’s announcement.
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firms → warm → announcement
They included the Hong Kong-based company EC Mojo Technology Co Ltd, as well as one of its representatives, Li Fen.
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They → include → representatives
EC Mojo had “provided electronic components” to the Iranian military, while Li “attempted to evade sanctions and export controls”, Treasury claimed.
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Treasury → provide → sanctions
Another designated firm was Saudi-based Cavalier Dynamics for Technologies Company.
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firm → designate → Technologies
As part of its announcement, the US Treasury said it would take action “in coordination with Saudi government partners”.
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it → say → partners
All those included in Tuesday’s sanctions were allegedly involved in procuring “weapons and weapons components for Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL), the entity responsible for weapons research, production and acquisition for Iran’s armed forces”.
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those → include → forces
Operation Economic Outcast has also sanctioned Iranian economic sectors not directly tied to its military.
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Outcast → sanction → military
Recent sanctions on the civilian airline sector have left some passengers stranded, after some Iranian airlines and international carriers suddenly cancelled flights to and from Iran.
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airlines → leave → Iran
But experts have questioned how effective the heightened sanctions campaign may ultimately be.
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campaign → question → ?
Iran has faced heavy US sanctions for years, though on Tuesday its currency fell to a record low, amid war-related pressures.
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currency → face → pressures
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