On November 5, 2018, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned hundreds of Iranian targets as a part of the re-imposition of U.S. nuclear-related sanctions previously suspended under the Joint Comprehensive Plan of Action (JCPOA).  This is the “snap back” of nuclear-related sanctions set in motion by President Trump’s May 8, 2018 announcement of the U.S.’s withdrawal from participation in the JCPOA.  Certain other sanctions snapped back as of August 7, 2018.

According to OFAC, the November 5 sanctions name over 700 individuals, entities, aircraft, and vessels, bringing the total to more than 900 Iran-related targets sanctioned by the U.S. in the past two years.

OFAC requires that “all property and interests in property of these targets that are in the United States or in the possession or control of U.S. persons must be blocked and reported to OFAC.” 

The OFAC press release may be found here:

https://home.treasury.gov/news/press-releases/sm541