US Treasury releases new Iran-related sanctions

US Treasury releases new Iran-related sanctions The Trump administration has issued fresh Iran-related sanctions targeting 16 individuals and 10 entities, according to a notice posted on the US Department of Treasury website on Thursday. The Department of the Treasury's Office of Foreign Assets Control (OFAC) also announced it was issuing an "Iran-related General License", authorizing the winding down of transations involving Iraq's International Development Bank.