US Treasury sanctions firms linked to Iran's Mahan Air

The United States imposed new sanctions on Thursday, July 30, 2026, targeting a global network of companies and individuals accused of supporting Iran’s Mahan Air, an airline long designated by Washington for its alleged role in transporting military personnel and equipment for the Islamic Revolutionary Guard Corps.

The Treasury Department’s Office of Foreign Assets Control designated six entities and individuals across China, India, Russia, and Iran. Officials stated the targets include general sales agents and logistics facilitators that provide commercial support enabling Mahan Air’s operations. Treasury Secretary Scott Bessent said in a statement that those offering financial, logistical, or commercial backing to the IRGC or Mahan Air are helping sustain a terrorist enterprise, and committed to identifying and cutting them off from the U.S. financial system.

Specific targets named include Shanghai Wings International Logistics Co. and Shanghai Elite International Travel Co. in China, Skiez Travels and Logistics Private Limited in India, and Air Cargo Pro Limited in Russia. The sanctions also designated Dade-Negar Startup Studio, described as an IRGC-linked front company...