OFAC and State Department Announces New Updates to SDN List and Sanctions Related to Iran

On August 24, 2026, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced numerous actions related to Iran sanctions. These actions are deemed “Operation Economic Outcast” and are meant to align with changes in the foreign policy of the United States towards Iran. On the same day, the U.S. Department of...