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.
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Political News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.