US targets Iranian ballistic missile capabilities in new sanctions

The United States Treasury on Wednesday announced new sanctions on six Iranian and Chinese individuals along with 12 entities from the two countries it accused of supporting the ballistic missile program of Iran's Islamic Revolutionary Guard Corps.

According to the treasury, the blacklisted people and companies supported Iranian efforts to build carbon fiber materials for ballistic missiles.

“The United States cannot allow Iran to develop intercontinental ballistic missiles," secretary of the treasury Scott Bessent said in a statement. "The Iranian regime’s relentless and irresponsible pursuit of advanced ballistic missile capabilities, including its efforts to indigenize its production capacity, represents an unacceptable threat to the United States and the stability of the region.”

“The United States remains strongly committed to disrupting these schemes and holding accountable those who enable Iran’s military adventurism.”