US Sanctions Iranian Financial Evasion Network as Tensions Escalate with Iran
The US Treasury has sanctioned four individuals and nine entities for their involvement in an Iranian financial evasion network. The network is accused of helping Iran evade sanctions through various means, including using shell companies and money laundering.
In a separate development, the Greek air defense system in Saudi Arabia intercepted several missiles fired from Yemen at oil refinery sites on July 25. No Iranian missiles were reported to have been involved in the incident.
US President Donald Trump said that the US is 'locked and loaded' for increased strikes against Iran, but no final decision has been made. The comments come as tensions between the US and Iran continue to escalate following the recent clashes in the Middle East.
The Saudi civil defense issued an emergency alert for the Yanbu governorate on July 25, amid reports of a possible missile attack. Meanwhile, sirens sounded in Bahrain, with its Interior Ministry confirming that there were no casualties.