Treasury Adds Iranian Firsm With Ties to Hezbollah to Sanctions List

WASHINGTON -- The United States is expanding punitive sanctions against Iran over its nuclear and missile programs and support for the Lebanese militant group Hezbollah.

The Treasury Department on Tuesday added five Iranian companies linked to the Islamic Revolutionary Guard Corps and the state-owned shipping line, including two banks and a freight forwarder, to its financial blacklist. The sanctions bar the firms from the U.S. financial system and freeze any assets they may have in U.S. jurisdictions. The executive director of one of the firms was also blacklisted.

In addition, Treasury identified a Iranian energy concern, Pars Oil and Gas Company, as being owned or controlled by the government, hitting it with sanctions under new U.S. legislation aimed at choking off financing for illicit activity.