US Treasury sanctions six entities linked to Iran’s Mahan Air, expanding pressure on military procurement networks

The US Treasury just added six more names to its ever-growing sanctions list, this time targeting entities and individuals across four countries tied to Iranian airline Mahan Air. The designations hit companies and people in China, India, Russia, and Iran, all allegedly connected to the airline’s role in supporting Iranian missile and unmanned aerial vehicle procurement networks. Mahan Air has been on Washington’s naughty list since October 12, 2011. The airline was originally designated by the Office of Foreign Assets Control under Executive Order 13224 for its alleged support of Iran’s Islamic Revolutionary Guard Corps-Qods Force. What the new sanctions actually target The fresh round of designations is part of a broader effort OFAC has branded “Economic Fury,” aimed at dismantling Iranian missile and UAV procurement networks. On April 21, 2026, OFAC sanctioned several Mahan Air-linked entities and individuals under this initiative. Among those named were Sepehr Kaveh Kish, described as an owner and controller of Mahan Air, along with Mohammad Hossein Mahdian and a company called Chabok FZCO. This isn’t new territory for OFAC. In 2020, the agency designated UAE-based Parthia Carg...