Economic Sanctions

Iran Closes Offices, Schools Over Cold, Energy Shortage

Iran announced the closure of offices and schools in many provinces across the country on Sunday due to a cold snap and energy shortages, according to state media. Iran is an energy giant, with the world's second-largest reserves of natural gas, according to the US Energy Information Administration. However, the country has been forced to ration ...

US Sanctions Against Iranian Entities Financing the Houthis

The US Treasury’s Office of Foreign Assets Control (OFAC) designated one individual and three entities responsible for facilitating the flow of Iranian financial assistance to Houthi forces and their destabilizing activities, mainly in the Red Sea. Among those designated on Thursday is the head of the Currency Exchangers Association in Sana’a ...