WIRE — Peloni: Closing the sanction loopholes will not only hasten the economic collapse of Iran, but will simultaneously diminish Washingtons enemies abroad. Max Meizlish Janatan Saye July 31, 2026 United States Department of the Treasury on the Building, Washington DC. Photo by MohitSingh Own work, CC BY-SA 3.0, Wikipedia Tehran faced two rounds of new U.S. sanctions in as many days. On July 29 and July 30, the Treasury Department's Office of Foreign Assets Control (OFAC) issued back-to-back sanctions targeting the Islamic Republic's extortion operation in the Strait of Hormuz, as well as entities supporting the regime's drone Read More
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