US sanctions 26 entities it says are linked to Islamic Revolutionary Guard Corps

The United States on Wednesday sanctioned 26 entities, individuals and ships it said are working with the Islamic Revolutionary Guard Corps' Quds Force (IRGC-QF).

The sanctions apply to a network associated with the Syria-based Al-Qatirji Company. 

"The Al-Qatirji Company enabled the IRGC-QF to generate and access hundreds of millions of dollars in revenue this year alone," State Department spokesperson Mathew Miller said, adding that it "launders revenue from selling Iranian oil and then provides millions of dollars per month to the Houthis, knowingly funding attacks carried out by the Houthis."

"Iran is increasingly relying on key business partners like the Al-Qatirji Company to fund its destabilizing activities and web of terrorist proxies across the region," Bradley T Smith, acting under secretary of the Treasury for Terrorism and Financial Intelligence said.