• SPX
  • $5,738.17
  • -0.13 %
  • -$7.20
  • DJI
  • $42,313.00
  • 0.33 %
  • $137.89
  • N225
  • $39,829.56
  • 2.32 %
  • $903.93
  • FTSE
  • $8,320.76
  • 0.43 %
  • $35.85
  • IXIC
  • $18,119.59
  • -0.39 %
  • -$70.71

US targets Iran-backed group in Bahrain with sanctions on affiliates, Treasury says

By Reuters   |   Mar 12, 2024 at 11:37 AM EST
US targets Iran-backed group in Bahrain with sanctions on affiliates, Treasury says

WASHINGTON (Reuters) - The United States on Tuesday imposed sanctions on four individuals in Iran for aiding the Bahrain-based, U.S.-designated terrorist group al-Ashtar Brigades, the Treasury Department said in a statement.

CONTEXT

The sanctions were imposed in coordination with Bahrain's government and allege that the targeted individuals "materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of" al-Ashtar Brigades.

KEY QUOTES

The U.S. action "underscores our collective commitment to disrupting Iran's destabilizing forces and threats, particularly those which threaten our partners in the region and around the world," Brian Nelson, U.S. under secretary of the Treasury for terrorism and financial intelligence, said in a statement.

WHY IT MATTERS

The United States has been taking action against Iran-backed groups in the Middle East to reduce Tehran's influence in the region and to isolate its affiliates. It designated al-Ashtar Brigades a foreign terrorist organization in 2018.

In recent weeks, Washington and Tehran have also been at odds over the conflict in Gaza and its implications in the region with Iran-backed Houthi rebels in Yemen disrupting commercial shipping in the Red Sea and the U.S. carrying out strikes against them.

(Reporting by Kanishka Singh and Paul Grant in Washington and Ismail Shakil in Ottawa; Editing by Matthew Lewis)

Did you find this insightful?


We are preparing, please wait

×
New Alert

Select an alert type

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.

New Alert

Setup alert

×

Premium Content

This content is only available for premium members. Please become a paid member to access.

Download App

Currently, memberships can only be purchased through the app.

×

Log In


or

download app using google store Continue with Google download app using apple Continue with Apple

Email Verification

An email with a verification code has been sent to your email address.

Welcome to StockNews!

Create Your Account

Email Verification

An email with a verification code has been sent to your email address.