Treasury sanctions 14 tied to Iranian missile, drone procurement networks

WASHINGTON, April 21, 2026 — The U.S. Treasury Department’s Office of Foreign Assets Control sanctioned 14 individuals, entities and aircraft involved in procuring or transporting weapons and weapons components for Iran, in a move Treasury said supports its “Economic Fury” campaign against the Iranian regime. Treasury said the action targets networks operating in Iran, Türkiye and the United Arab Emirates and marks its fifth round of nonproliferation designations tied to the Sept. 27, 2025, reimposition of U.N. sanctions and other restrictions on Iran.

The action combines missile and drone procurement designations with measures tied to Iran’s Mahan Air. OFAC said three individuals were designated for supporting Pishgam Electronic Safeh Company and its CEO, a network that procured servomotors found in downed Shahed-136 drones for the Islamic Revolutionary Guard Corps Aerospace Force Self Sufficiency Jihad Organization. OFAC also designated Türkiye-based Emti Fiber Textile and two Adak Pargas Pars executives over shipments linked to cotton linters and sodium perchlorate supply chains used in ballistic missile propellant production.

Treasury also targeted several parties connected to Mahan Air, which it said has been involved in the procurement and transport of UAV systems and weapons. Those named include Sepehr Kaveh Kish International Trading Company, multiple senior officials tied to the company and Mahan Air, Saman Air Services Company, and Dubai-based Chabok FZCO. OFAC also identified two Mahan Air Boeing 777 aircraft, EP-MTE and EP-MTB, as blocked property.

As a result, property and interests in property of the designated parties in the United States or under the control of U.S. persons are blocked, and entities owned 50% or more by blocked persons are also blocked. Treasury said foreign financial institutions that knowingly facilitate significant transactions for designated parties may face secondary sanctions exposure.