Nov 04, 2026
World

US Treasury Sanctions 10 More Targets Over Alleged Iran Military Procurement Network

The Trump administration has broadened its economic pressure campaign against Tehran, designating 10 individuals and companies accused of helping Iran's armed forces obtain weapons

US Treasury Sanctions 10 More Targets Over Alleged Iran Military Procurement Network

The Trump administration has broadened its economic pressure campaign against Tehran, designating 10 individuals and companies accused of helping Iran's armed forces obtain weapons and components. The US Treasury announced the measures on Tuesday, naming actors based in China, Pakistan, Turkiye, Saudi Arabia and Iran itself as part of what officials described as a sustained effort to choke off the Iranian military's supply lines.

According to the Treasury Department, the sanctioned parties were involved in procuring weapons and weapons components for Iran's Ministry of Defense and Armed Forces Logistics (MODAFL), the body responsible for weapons research, production and acquisition for the Iranian armed forces. The department said the designations were meant to degrade Iran's capacity to rebuild its weapons programs and to raise the cost for anyone choosing to assist Tehran's military procurement.

The announcement is the latest installment of Operation Economic Outcast, a Treasury-led initiative unveiled in August by Secretary Scott Bessent. The operation is intended to intensify pressure on Tehran to accept a deal ending the conflict that began on February 28, when the United States and Israel launched a series of deadly attacks targeting Iran's leadership and military infrastructure. President Donald Trump has portrayed the effort as an unprecedented wave of economic warfare and isolation, warning that countries engaging in trade with Iran would face severe consequences.

Washington's sanctions list this time included three entities located inside Iran, alongside representatives and technology firms operating in China, Pakistan, Turkiye and Saudi Arabia. Among those named was EC Mojo Technology Co Ltd, a Hong Kong-based company, along with one of its representatives, Li Fen. Treasury alleged that EC Mojo supplied electronic components to the Iranian military, while Li attempted to circumvent existing sanctions and export controls. The inclusion of Chinese targets is notable given the warmer diplomatic tone between Washington and Beijing in recent months, including a state visit by Chinese President Xi Jinping to the White House — his first in more than a decade — after which Trump highlighted progress in bilateral trade talks.

Also designated was Cavalier Dynamics for Technologies Company, a firm based in Saudi Arabia. In its statement, Treasury said it would act "in coordination with Saudi government partners," signaling that Riyadh was at least partly aligned with the enforcement effort despite its regional ties. The breadth of the designations — spanning South Asia, the Gulf, East Asia and Iran — reflects the administration's view that Tehran's procurement networks rely on diffuse international intermediaries rather than a single supply route.

The measures build on earlier phases of Operation Economic Outcast, which initially targeted China-based firms and business leaders. At the time, Bessent defended the pacing of the campaign, saying the administration was giving actors an opportunity to correct their behavior rather than risk destabilizing the global financial system. Even so, China remains one of Iran's largest trading partners, and the administration has faced persistent questions about how aggressively it is willing to confront Beijing over its role in Iran's economy.

Tuesday's sanctions follow a series of related actions aimed at Iran's civilian sectors, particularly aviation. Recent restrictions on Iranian airlines and international carriers have prompted sudden cancellations of flights to and from Iran, leaving some passengers stranded. In Iraq, four airports temporarily suspended Iranian flights over the US aviation sanctions before Najaf airport later lifted its ban, and flights between Najaf and Iran resumed after Tehran lodged protests. Iraq has also sought an exemption from the US ban on Iranian flights, underscoring the knock-on effects of the campaign on regional travel and commerce.

The Treasury framed the latest designations as part of a broader strategy to cut Iran off from global markets and to make the cost of doing business with Tehran prohibitive. Officials argue that targeting procurement networks — rather than only Iran's own institutions — is essential because Iran's military relies heavily on foreign-sourced parts and technology that cannot be easily produced domestically.

Critics, however, question how much additional leverage the sanctions will generate. Iran has operated under heavy US sanctions for years and has developed extensive methods for evading restrictions, including front companies and intermediaries across multiple jurisdictions. Analysts also note that the war, which both sides have at times portrayed as winnable, has no clear end in sight, raising doubts about whether economic pressure alone can force a negotiated settlement.

The human and economic toll inside Iran continues to mount. On Tuesday, the Iranian currency fell to a record low amid war-related pressures, and reports indicate that Iranians have been stockpiling food and medicine as fears of renewed fighting grow. Those developments suggest that while the sanctions may not immediately alter Tehran's strategic calculus, they are compounding the strain on an economy already battered by conflict and isolation. Whether the expanded designations will translate into meaningful changes in Iranian behavior — or simply push procurement networks deeper underground — remains the central unanswered question of the administration's campaign.

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Editor Olahraga. Mantan jurnalis olahraga cetak. Meliput Piala Dunia 3 edisi.

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