Breaking News: The US has blocked billions of dollars from reaching Iran’s revolutionary guards.
The Sanctions by the US which were slapped on Iran on June 24 including Iran’s Supreme Leader Ayatollah Ali Khamenei has allowed the US to block “literally billions” in Iranian assets, in a statement according to US Treasury Secretary Steven Mnuchin.
The sanctions, which US President Donald Trump signed in an Oval Office appearance with Mr Mnuchin, target eight top military commanders as well as Mr Khamenei and the Revolutionary Guard.
Iran’s Revolutionary Guard has quietly become one of the most significant political and economic powers in the Islamic Republic, with ties to more than 100 companies, which by some estimates control more than $12 billion in business and construction, economists and Iranian political analysts say.
The Guard was created in 1979 as a military and intelligence force to protect the ideals of Iran’s Islamic Revolution. But the 125,000-strong force has used the massive military engineering capability it developed rebuilding the country after the 1980-88 war with Iraq to take over the strategic highlands of the Iranian economy.
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