Washington DC, May 9 -- The US Treasury Department on Friday (Local Time) announced sweeping new sanctions targeting individuals and companies accused of helping Iran procure weapons, UAV components and missile-related materials as part of the US President Donald Trump administration's "Economic Fury" campaign.

In a statement, the Treasury Department's Office of Foreign Assets Control (OFAC) said it sanctioned 10 individuals and companies operating across West Asia, Asia and Eastern Europe that allegedly supported Iran's military procurement networks, including efforts linked to the Islamic Revolutionary Guard Corps and Iran's Shahed-series unmanned aerial vehicles (UAVs) and ballistic missile programme.

According to the Treasury Depart...