WASHINGTON — On April 21, 2026 the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on 14 individuals, entities and aircraft based in Iran, Türkiye and the United Arab Emirates for procuring or transporting weapons and weapons components on behalf of the Iranian regime. Treasury said the measures are part of the U.S. campaign “Economic Fury” and represent the fifth round of nonproliferation designations supporting the September 27, 2025 reimposition of U.N. sanctions on Iran.
The designations include targeted actors tied to Pishgam Electronic Safeh Company (PESC) and its CEO Hamid Reza Janghorbani. OFAC named three individuals — currency exchanger Kamal Sabah Balkhkanlu and associates Mohammad Vahidi and Danial Khalili — for facilitating payments, procurement and routing of materials, including carbon fiber and servomotors used in Shahed-series one-way attack UAVs. Treasury said PESC has procured thousands of servomotors that have been found in downed Shahed-136 UAVs.
The action also targets procurement chains supplying ballistic missile propellant precursors. OFAC singled out Turkey-based support for Pardisan Rezvan Shargh and identified Emti Fiber Textile Import Export Trade Limited Company as having completed “hundreds of shipments” of cotton linters — a feedstock processed into nitrocellulose used to improve solid rocket propellant performance. Treasury also extended prior actions against Iran-based Adak Pargas Pars and named Hamidreza and Mostafa Roknifard in connection with that company.
In a separate tranche of designations, Treasury moved against elements linked to Mahan Air and its parent Sepehr Kaveh Kish International Trading Company. OFAC designated Sepehr Kaveh Kish and senior officials and identified Dubai-based Chabok FZCO for facilitating procurement of sensors and U.S.-origin aircraft components for Mahan Air. OFAC additionally identified two Boeing 777 aircraft — registrations EP-MTE and EP-MTB — as property in which Mahan Air has an interest. Treasury cited Mahan Air’s historical use in transporting UAV systems and weapons and reiterated earlier U.S. designations dating to 2011 and 2019.
Treasury Secretary Scott Bessent was quoted saying the United States will “follow the money” and continue to target those who enable Iran’s weapons programs. OFAC said the designations were taken pursuant to Executive Orders 13382 and 13224; as a result, all property and interests of the designated persons in the U.S. or controlled by U.S. persons are blocked and transactions involving such property are generally prohibited absent authorization. The department warned these actions may expose participating foreign financial institutions to secondary sanctions.