HOUSTON, TEXAS (Editors at Energy Analytics Institute, 14.May.2025, Words: 224) — The US Department of the Treasury‘s Office of Foreign Assets Control (OFAC) designating 6 individuals and 12 entities for their involvement in efforts to help the Iranian regime domestically source the manufacturing of critical materials needed for Tehran’s ballistic missile program.
Those sanctioned support the various Islamic Revolutionary Guard Corps (IRGC) sub-organizations that oversee efforts to assist Iran domestically develop carbon fiber materials needed to manufacture intercontinental ballistic missiles, Treasury said on 14 May 2025 in an official emailed statement.
