US issues new Iran-related sanctions, Treasury says

AL-Monitor
Aug 7, 2025
FILE PHOTO: U.S. Treasury Secretary Scott Bessent attends a press conference at government quarters Rosenbad after the trade talks between the U.S. and China concluded, in Stockholm, Sweden, July 29, 2025. Magnus Lejhall/TT News Agency/via REUTERS/File Photo
FILE PHOTO: U.S. Treasury Secretary Scott Bessent attends a press conference at government quarters Rosenbad after the trade talks between the U.S. and China concluded, in Stockholm, Sweden, July 29, 2025. Magnus Lejhall/TT News Agency/via REUTERS/File Photo — Magnus Lejhall/TT

(Reuters) -The United States imposed sanctions Thursday on 18 entities and individuals to target what the Treasury Department called a network helping Iran evade sanctions and generate revenue.

The U.S. targets include RUNC Exchange System Company and its leadership, Cyrus Offshore Bank, and Iranian software holding company Pasargad Arian Information and Communication Technology, according to a Treasury Department statement.

"Treasury will continue to disrupt Iran's schemes aimed at evading our sanctions, block its access to revenue, and starve its weapons programs of capital in order to protect the American people," Treasury Secretary Scott Bessent said in the statement.

(Reporting by Ismail Shakil and Bhargav Acharya; Editing by Doina Chiacu)