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New US sanctions target billionaire Iranian financier Babak Zanjani

The Hill
July 25, 2026 at 5:27 PM
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New US sanctions target billionaire Iranian financier Babak Zanjani

The United States Treasury Department announced on Friday it will be implementing sanctions against key businesses and associates of sanctioned Iranian financier Babak Zanjani for attempting to evade sanctions. The sanctions affect nine firms and four people in the business network of Zanjani. The Treasury Department said in a statement Friday that firms being targeted…

The United States Treasury Department announced on Friday it will be implementing sanctions against key businesses and associates of sanctioned Iranian financier Babak Zanjani for attempting to evade sanctions. The sanctions affect nine firms and four people in the business network of Zanjani. The Treasury Department said in a statement Friday that firms being targeted…