US Announces New Sanctions on Iran After Missile and Drone Strike On Israel

The United States on Thursday announced new sanctions on Iran targeting its unarmed aerial vehicle production after its attack on Israel, and U.S. President Joe Biden said G7 leaders were committed to acting together to increase economic pressure on Tehran.

Biden said the United States and its allies had helped Israel beat back the April 13 missile and drone strike and were now holding Iran accountable with the new sanctions and export controls.

"The sanctions target leaders and entities connected to the Islamic Revolutionary Guard Corps, Iran’s Defense Ministry, and the Iranian government’s missile and drone program that enabled this brazen assault," Biden said in a statement.

"And our allies and partners have or will issue additional sanctions and measures to restrict Iran’s destabilizing military programs," Biden said.

A U.S. Treasury Department statement said the U.S. measures targeted 16 individuals and two entities enabling Iran’s UAV production, including engine types that power Iran’s Shahed variant UAVs, which were used in the April 13 attack.

Treasury said it was also designating five companies in multiple jurisdictions providing component materials for steel production to Iran’s Khuzestan Steel Company (KSC), one of Iran’s largest steel producers, or purchasing KSC’s finished steel products.

Also targeted were three subsidiaries of Iranian automaker Bahman Group, which it said had materially supported Iran's Islamic Revolutionary Guard Corps.