The U.S. government has imposed sanctions on eight individuals and four entities that operate multiple procurement networks supporting Iran's UAV and ballistic missile programs.
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is also targeting Mahan Air, which has previously transported Islamic Revolutionary Guard Corps (IRGC) operatives, weapons, equipment, and funds.
The Treasury alleged that as the United States continues to deplete Iran's ballistic missile inventories, the Iranian regime is seeking to reconstitute its production capacity. Iran is increasingly relying on Shahed-series one-way attack unmanned aerial vehicles to target the United States and its allies, including energy infrastructure in the region.
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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.