The U.S. and U.K. on Thursday imposed a new round of sanctions on Iran as concern grows that Tehran’s unprecedented attack on Israel could fuel a wider conflict in the Middle East.
Treasury’s Office of Foreign Assets Control targeted 16 people and two entities in Iran that produce engines that power the drones used in the April 13 attack on Israel. OFAC also sanctioned five firms involved in steel production and three subsidiaries of Iranian automaker Bahman Group — which is accused of materially supporting Iran’s military and other sanctioned groups. A representative from Bahman was not immediately available for comment.
Additionally, the U.K. is targeting several Iranian military organizations, individuals and entities involved in Iran’s drone and ballistic missile industries.
President Joe Biden said in a statement that he had directed U.S. Treasury “to continue to impose sanctions that further degrade Iran’s military industries.”
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“Let it be clear …