Trump’s latest wave of Iran sanctions: Which 60 entities are targeted?

The United States has announced sweeping new economic sanctions on Iran and countries that trade with it as it seeks to apply more economic pressure to isolate the country from the global economy during a diplomatic deadlock during their war.

US Treasury Secretary Scott Bessent on Monday announced the measures, describing the campaign as the “economic asphyxiation” of Iran as the US-Israeli war on the country nears its six-month mark.
The United States has announced sweeping new economic sanctions on Iran and countries that trade with it as it seeks to apply more economic pressure to isolate the country from the global economy during a diplomatic deadlock during their war.

US Treasury Secretary Scott Bessent on Monday announced the measures, describing the campaign as the “economic asphyxiation” of Iran as the US-Israeli war on the country nears its six-month mark.
“Around the globe, our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,” Bessent said at a news briefing.

The US Department of the Treasury imposed new sanctions on nearly 60 individuals and entities, targeting networks accused by Washington of helping Iran generate oil revenue, procure weapons and conduct cyberoperations.

Iran has rejected the latest US sanctions. Economy Minister Ali Madanizadeh said the new measures will fail. “US sanctions against us are not new. We have programmes to counter American sanctions, and Washington cannot achieve its goals by severing the arteries of our economy,” he was quoted as saying by the Fars News Agency.

Here is what you need to know:

Who are the 60 entities targeted and why?
The US Treasury Department said the latest measures target companies and vessels involved in networks supporting Iran’s nuclear and missile programmes, cyberoperations and oil-revenue generation.

The wider sanctions campaign focuses on five sectors that Washington said sustain Iran’s economy: digital assets, technology, gold, aviation and shipping.
Entities and individuals targeted are spread from the Middle East to China, Singapore and Europe. According to the Treasury Department, one major target is a procurement network of more than 20 people and entities across the Middle East and East Asia that is accused of helping Iran obtain sensitive technology for nuclear research and ballistic missile development.

“The network has enabled Iran to obtain highly sensitive dual‑use technology through a sprawling system of front companies, covert financial channels, and logistics intermediaries across East Asia, allowing sanctioned Iranian military institutions to disguise end users and evade global export controls,” the US Treasury said in a statement.

Below are the entities based in Iran and beyond that are impacted by the sanctions:

Iran
Iranian government ministries have been the primary targets, including the Ministry of Intelligence and Security (MOIS) and the Ministry of Defence and Armed Forces Logistics (MODAFL).

Organisations associated with them are also on the sanctions list, including Iran-based logistics firm Noavaran Axis Private Joint Stock Company (BRE Line), which the US Treasury accused of facilitating shipments to the already-sanctioned Organization of Defensive Research and Innovation, which is part of MODAFL.

The US also sanctioned several individuals related to the MOIS, including Mohammad Hossein Aslani, Reza Kadkhodai and Arman Kahzadian, who it accused of being involved in cyberactivities.

Hong Kong
Sweet Ocean Industrial Ltd was among the dozen or so Hong Kong-based entities sanctioned. The US Treasury accused it of acting as an intermediary for sensitive equipment destined for Malek Ashtar University of Technology in Iran, which is sanctioned by the US, European Union and United Nations. Several companies linked to its procurement network, including RPT Technology Ltd and Shenzhen Sweet Ocean Technology Ltd, were also targeted.

Feili Co Ltd, Minvur Ltd, Feisu Ltd and Guska Co Ltd were also sanctioned for allegedly being part of a procurement network benefitting multiple Iranian end users.

Three companies accused of facilitating payments for Iran’s “clandestine ‘shadow banking’ networks”, including for Iranian exchanges Seyyed Mohammad Mosannai Najibi and Partners Co, already under US sanctions, were also targeted by the new measures.

Tiany Technology Ltd and MT Trading and Logistics HK Ltd were sanctioned for acting as intermediaries for Shenzhen Sweet Ocean Technology Ltd.