US, Gulf Countries Impose Joint Iran-Related Sanctions on 25 Targets

US, Gulf Countries Impose Joint Iran-Related Sanctions on 25 Targets
Iran's national flags are seen on a square in Tehran on Feb. 10, 2012, a day before the anniversary of the Islamic Revolution. REUTERS/Morteza Nikoubazl/File Photo
|Updated:

WASHINGTON—The United States and six Gulf countries agreed to jointly impose sanctions on 25 corporations, banks, and individuals linked to Iran’s support for militant networks including Hezbollah, the U.S. Treasury Department said on Wednesday.

The blacklisted targets were announced by the Terrorist Financing Targeting Center (TFTC) nations—which also include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates—as Treasury Secretary Steve Mnuchin traveled in the Middle East to finalize details of an economic development plan for the Palestinians, Jordan, Egypt, and Lebanon.