The penalties allow the U.S. to block the assets of the sanctioned people and entities, and to prosecute others who do business with them.
Washington — The United States sanctioned Iranian defense companies Wednesday after a spate of ballistic missile attacks on targets in Iraq and the Gulf. The U.S. and Iran’s neighbors blame that country for a on Irbil, Iraq, and for repeated missile strikes into Saudi Arabia and the United Arab Emirates by Iranian-backed Houthi fighters in Yemen. On Friday, a Houthi missile strike set ablaze a Saudi Aramco oil storage site, prompting warnings from angry Saudi leaders that the attacks threatened the stability of the world oil market.
