US Imposes Sanctions on Iran Over Attacks on Israel... Targeting Drone Manufacturing, Steel, and Automotive Industries

UK Joins Sanctions on Drones and Ballistic Missiles

The United States announced sanctions on Iran's drone manufacturing as well as its steel and automotive industries following Iran's attack on mainland Israel.

On the 18th (local time), the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions against 16 individuals and 2 companies involved in enabling Iran's drone production. These individuals and companies participated in producing engines that power the Shahed drones Iran launched at Israel on the 13th.

Additionally, the Treasury sanctioned five companies that supply raw materials to or purchase finished products from Khuzestan Steel Company, Iran's largest steel producer.

The Treasury also imposed additional sanctions on three subsidiaries of the Iranian automaker Bahman Group. The Bahman Group was already under sanctions for supporting terrorist organizations such as the IRGC.

Furthermore, the Treasury stated that the United Kingdom will also sanction individuals and companies related to Iran's drone and ballistic missile industries.

U.S. Treasury Secretary Janet Yellen said, "Today, in coordination with the United Kingdom and in consultation with partners and allies, we are taking swift and decisive action in response to Iran's unprecedented attack on Israel. We will continue to use our sanction authorities against Iran and will take additional measures in the coming days and weeks."

Analysts suggest that the U.S.'s rapid sanctions against Iran are a strategic move to prevent Israel's retaliatory attacks. While the West, led by the U.S., has repeatedly expressed opposition to further Israeli retaliation, Israel insists on making its own decisions and remains determined to retaliate.

This content was produced with the assistance of AI translation services.