US imposes sanctions on global networks supporting Iran drone, missile programs

The US has imposed sanctions on global networks supporting Iran’s drone and missile programs, disrupting projected oil revenue, freezing digital assets, and intensifying crackdowns on Tehran’s shadow banking networks. The administration’s ‘Economic Fury’ campaign aims to proactively disrupt clandestine networks bolstering Tehran’s defense industrial base. Washington also signaled readiness to impose secondary sanctions on foreign financial institutions facilitating these activities.