US Treasury adds new Iran sanctions and eases Iraq bank transactions
The Treasury announced sanctions on 16 individuals and 10 entities linked to Iran and issued a general license to unwind deals with Iraq's International Development Bank.
The Office of Foreign Assets Control released a notice that the Trump administration has imposed fresh Iran-related sanctions covering 16 people and 10 firms. At the same time, OFAC granted a general license permitting the termination of transactions involving Iraq's International Development Bank. The measures aim to tighten economic pressure on Tehran while allowing Iraqi financial activities to adjust.
Why it matters
It expands US economic pressure on Iran and clarifies how Iraqi banking ties can be safely unwound.
In this story
Iran sanctionsUS TreasuryOFACgeneral licenseInternational Development Bank16 individuals10 entities
