U.S. targets Iran's military supply chain as diplomatic talks remain uncertain

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The U.S. on Tuesday targeted people and firms around the globe that it has accused of being financial facilitators or enablers of Iran's military supply chain, as the Trump administration pushes forward with economic warfare against Tehran at a time when renewed diplomacy between the two countries remains uncertain.

The latest action by the Treasury Department is part of the administration's Operation Economic Outcast campaign, which is aimed at severing "critical financial lifelines" for the already heavily sanctioned Iranian government.

"Treasury will not tolerate any support to the regime and will continue to identify, expose, and isolate Iran's enablers," Treasury Secretary Scott Bessent said in a statement.

Ten individuals and entities based in Iran, Hong Kong and Pakistan were sanctioned for allegedly procuring weapons and weapon components for Iran's defense ministry as it fights its now seven-month war against the U.S.

U.S. officials have said they want to disrupt Iran's defense systems and further degrade the government's ability to reconstitute its weapons program. The aim of the latest sanctions includes increasing the costs for the people and companies that have assisted Iran's military procurement efforts.

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