❓WHAT HAPPENED: The U.S. imposed new sanctions on ten individuals and firms from Iran and Venezuela, targeting Iran’s drone trade and ballistic missile program.
👤WHO WAS INVOLVED: The U.S. Treasury Department, Iranian and Venezuelan entities, President Donald J. Trump, and Israeli Prime Minister Benjamin Netanyahu.
📍WHEN & WHERE: Sanctions announced this week, with discussions held at Mar-a-Lago in Florida on December 29.
💬KEY QUOTE: “Treasury is holding Iran and Venezuela accountable for their aggressive and reckless proliferation of deadly weapons around the world.” – Treasury Undersecretary for Terrorism and Financial Intelligence John K. Hurley
🎯IMPACT: The sanctions aim to further isolate Iran’s military-industrial complex and curb weapons proliferation in the region.
The U.S. Treasury Department has announced a new package of sanctions targeting ten individuals and entities based in Iran and Venezuela, escalating Washington’s efforts to curb Iran’s drone trade, ballistic missile development, and nuclear ambitions while pressuring Caracas over its military ties to Tehran.
According to Treasury officials, the measures include penalties against a Venezuelan company and its chairman accused of purchasing Iranian drones, three Iranian nationals allegedly involved in acquiring chemicals used in ballistic missile production, and several Iran-based firms linked to the Rayan Fan Group, a holding company already under U.S. sanctions.
Treasury Undersecretary for Terrorism and Financial Intelligence John K. Hurley said the actions are intended to disrupt the global spread of Iranian weapons and limit access to financial networks. “Treasury is holding Iran and Venezuela accountable for their aggressive and reckless proliferation of deadly weapons around the world,” Hurley said. He added that the department is focused on cutting off support for Iran’s military-industrial complex and blocking its access to the U.S. financial system.
State Department spokesman Tommy Pigott also said, “Iran’s ongoing provision of conventional weapons to Caracas is a threat to U.S. interests in our region.”
The move comes amid a broader hardline approach by the Trump administration toward both countries. In recent weeks, President Donald J. Trump ordered a full blockade on Venezuelan oil tankers already under U.S. sanctions, a step aimed at further isolating the Nicolas Maduro government and restricting a key source of revenue. Trump has also confirmed that U.S. forces struck infrastructure on Venezuelan territory linked to drug trafficking operations.
Pressure is also increasing on Iran. Trump has repeatedly warned that the United States would respond forcefully if Tehran attempts to rebuild or expand its nuclear facilities. During a recent meeting with Israeli Prime Minister Benjamin Netanyahu in Florida, Trump reiterated U.S. support for countering Iran’s nuclear ambitions and signaled openness to further strikes if Iran continues down that path.
Join Pulse+ to comment below, and receive exclusive e-mail analyses.