Updated

The U.S. Treasury Department announced on Sept. 10, 2026 a new round of sanctions against firms and individuals it said were helping finance Hezbollah and other Iranian-backed groups, according to Just Security's Sept. 11 Early Edition. The designations covered entities and people in Iraq, the United Arab Emirates, Lebanon and Turkey accused of supporting Kata'ib Hezbollah, an Iraqi paramilitary group under the command of Iran's Islamic Revolutionary Guard Corps, as well as Lebanon's Hezbollah. Treasury Secretary Scott Bessent said the department would additionally sanction a large bank the following week. The action extended Washington's economic campaign against Tehran's regional network while U.S. and Iranian forces exchanged strikes in the Gulf, showing the administration pairing military operations with financial pressure. Sanctions of this kind cut targets off from the U.S. financial system and expose foreign banks that transact with them to secondary penalties, which is why Bessent's preview of a forthcoming bank designation drew particular attention. The announcement also signaled that U.S. pressure would reach beyond Iran itself into commercial and banking hubs in Iraq, Lebanon, Turkey and the UAE.