U.S., Gulf countries impose joint Iran-related sanctions on 25 targets

© Reuters An Iranian flag flutters in front of the International Atomic Energy Agency (IAEA) headquarters in Vienna, Austria September 9, 2019. REUTERS/Leonhard Foeger

By Doina Chiacu and Daphne Psaledakis

WASHINGTON, Oct 30 (Reuters) - The United States and six Gulf countries agreed to jointly impose sanctions on 25 corporations, banks and individuals linked to Iran's support for militant networks including Hezbollah, the U.S. Treasury Department said on Wednesday.

The blacklisted targets were announced by the Terrorist Financing Targeting Center (TFTC) nations - which also include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.

U.S. Treasury Secretary Steven Mnuchin made the announcement as part of a trip to visit several of these Middle East allies to bolster their support for increasing pressure on Iran.

All 25 targets were previously under financial sanctions imposed by the United States.

"The president couldn't be more clear that we are executing a maximum pressure campaign on Iran," Mnuchin told Reuters in an interview in Riyadh. "This is about stopping a bad actor."

In Jerusalem on Monday, Mnuchin said the United States would increase economic pressure on Iran over its nuclear program.

Sanctions reimposed on Tehran by President Donald Trump after he withdrew the United States from world powers 2015 nuclear pact with Tehran have dried up Iranian oil revenue and cut Iranian banks' ties to the financial world.

Mnuchin said the sanctions aimed at halti....

read more from msn.com