US Imposes Sanctions on 39 Entities Aiding Iranian Trade

U.S. Secretary of State Antony Blinken speaks during a Security Council meeting concerning the war in Ukraine at United Nations headquarters in New York on Feb. 24, 2023. Michael M. Santiago/Getty Images

U.S. Secretary of State Antony Blinken announced that his department is imposing sanctions against 39 entities believed to be assisting Iranian clients in illegally engaging in trade.

The U.S. State Department’s March 9 announcement outlined sanctions against dozens of “shadow banking” entities spread across several countries that would be subjected to the sanctions due to affiliation with Iranian groups.