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The Independent UK
The Independent UK
National
Farnoush Amiri

US targets Iran's military supply chain as the status of diplomatic talks remains uncertain

Bond Market Why It Matters - (Copyright 2026 The Associated Press. All rights reserved.)

The U.S. on Tuesday targeted people and firms around the globe that it has accused of being financial facilitators or enablers of Iran’s military supply chain, as the Trump administration pushes forward with economic warfare against Tehran at a time when renewed diplomacy between the two countries remains uncertain.

The latest action by the Treasury Department is part of the administration's Operation Economic Outcast campaign, which is aimed at severing “critical financial lifelines” for the already heavily sanctioned Iranian government.

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