Iran hit by new US sanctions as it warns of pulling out of US‑Iran memorandum

The United States Treasury announced fresh sanctions targeting an Iranian national based in Dubai who allegedly runs a global network of property and commercial interests in Germany, the United Kingdom, Spain, Cyprus and the United Arab Emirates on behalf of Iran’s supreme leader. The measures also sanction three Iran‑based foreign‑exchange firms and their senior partners, aiming to “disrupt the regime’s ability to obtain foreign currency and conduct international financial activities.” Treasury officials said, “We will preserve these assets for the Iranian people.”

At the United Nations, Iran’s permanent representative warned that Washington must fully meet its obligations under the nuclear memorandum or Tehran will consider itself released from the agreement. He cited recent U.S. strikes on Iranian installations in early July, stating that “if the United States does not fully comply, Iran will no longer be bound.” The ambassador framed the issue as both a diplomatic and security matter, linking compliance to the memorandum’s viability.