The US Treasury’s Office of Foreign Assets Control has moved against networks helping Iran’s Revolutionary Guard Corps acquire weapons, with fresh sanctions targeting the financial infrastructure keeping the IRGC’s military machine running.
What OFAC actually did, and why it matters
The sanctions target entities involved in weapons procurement for the IRGC, the Iranian military branch that the US designated as a foreign terrorist organization. OFAC had already moved against networks tied to the IRGC’s ballistic missile and drone procurement operations earlier in 2026, with actions on February 25 and April 21 naming individuals and entities across multiple jurisdictions.
Since 2020, the IRGC has facilitated billions of dollars in transactions through layered financial structures, funding everything from military infrastructure to proxy operations across the Middle East.
The recent sanctions come in the context of what officials have framed as an “Economic Fury” campaign, a sustained pressure effort aimed at degrading the IRGC’s capacity to fund both its conventional military activities and its regional network of allied militias.
