US Treasury sanctions 16 individuals, 10 entities in new Iran-related action

OFAC imposed fresh Iran-related sanctions on 16 individuals and 10 entities, and issued a general license to wind down transactions with Iraq's International Development Bank. The action continues the Trump administration's pressure campaign on Iran, with the license suggesting a targeted carve-out to avoid disrupting Iraqi financial flows. The specific designations and their broader impact on Iran's economy remain unclear.