Iran Imposes Sanctions Against 15 US Companies 'Supporting Terrorism'

Ross Houston
March 26, 2017

USA news services report it is not immediately clear if any of the companies had any dealings with Iran or whether they would be affected by Tehran's action, which IRNA representatives stated would include seizure of assets and a ban on contacts with them. The ministry also said that these companies committed human rights violations. However, this decision is largely symbolic because these companies do not do business with Iran.

Washington last month imposed new sanctions on individuals and companies supporting Iran's ballistic missile programme and on its elite Revolutionary Guards.

Iran has imposed sanctions on 15 American companies over their alleged support for Israel, terrorism and repression in the region.


IRNA quoted Iran's foreign ministry, stating the US companies had "flagrantly violated human rights" and cooperated with Israel in its "terrorism" against the Palestinians and the expansion of Jewish settlements. The companies that will be affected by the sanctions include Raytheon, Daniel Defense, Re/Max and Oshkosh.

It was the first time a USA carrier entered the narrow waterway, where up to 30 percent of global oil exports pass, since President Donald Trump took office in January pledging a tougher United States stance towards Iran.

Kahr Arms and Magnum Research, two sanctioned firms which share the same parent company, advertise.44-caliber Magnum and.50-caliber "Desert Eagle" pistols - a product line that previously has been made in Israel.


The government also implemented sanctions on 19 companies or people found to have "transferred to, or acquired from, Iran, North Korea, or Syria goods, services, or technology listed on multilateral export control lists, or on USA national control lists, or other items that could make a material contribution to the development of weapons of mass destruction or missile proliferation", the State Department stated.

But it underscored growing tension between the United States and Iran since the election of Trump, who has condemned the 2015 nuclear deal that his predecessor Barack Obama and leaders of five other world powers struck with Tehran and labelled the Islamic Republic "the number one terrorist state".

USA lawmakers are now seeking to further increase pressure, proposing a new law that would see Iran's Revolutionary Guards listed as a terrorist organisation.


Other reports by iNewsToday

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