U.S. targets Iran's military supply chain as diplomatic talks remain uncertain | PBS News - 盛世棋牌官网

In 2024, the Biden administration also targeted entities that supported Iran's Ministry of Defense and Armed Forces Logistics in their production and proliferation of missiles and drones.

The latest financial penalties come as Iran's currency fell to a record low Tuesday, with traders in Tehran exchanging more than 2.5 million rials to the U.S. dollar. The rial has steadily declined since the war began on Feb. 28, hitting its previous record low of 2.2 million to the dollar on Sept. 2. [...] U.S. officials have said they want to disrupt Iran's defense systems and further degrade the government's ability to reconstitute its weapons program. The aim of the latest sanctions includes increasing the costs for the people and companies that have assisted Iran's military procurement efforts.

READ MORE:Iran's currency hits a new record low as war erodes the country's economic stability [...] Ten individuals and entities based in Iran, Hong Kong and Pakistan were sanctioned for allegedly procuring weapons and weapon components for Iran's defense ministry as it fights its now seven-month war against the U.S.