diplomacyMonday, May 11, 2026event May 122 sources

US and UK Sanctions Target Iran-Linked Network Accused of Plotting Attacks and Moving Funds

On May 12, 2026, the United States and United Kingdom imposed sanctions targeting individuals, companies, and networks linked to Iran's oil sales, financial transactions, and alleged hostile activities. The measures aim to disrupt Iran's oil exports to China and cut off funding for the IRGC. The UK specifically targeted shadow banking and destabilizing operations linked to criminal networks.

The US and UK sanctions, announced on May 12, 2026, target a network associated with Iran's Revolutionary Guard Corps (IRGC). The sanctions include asset freezes and travel bans, with the US focusing on oil sales and financial transactions, while the UK emphasizes shadow banking and destabilizing operations. The UK's actions, reported on May 11, 2026, include freezing assets and restricting travel for those accused of laundering billions and plotting Iranian-backed hostile activity.

Timelines

US-Iran Confrontation and Geopolitical TensionsUS-Iran Confrontation and Geopolitical Tensions: Economic and Maritime Disputes

Sources

IndependentTimes of IndiaMay 12, 08:23 AM
US, UK sanctions target Iran-linked network accused of plotting attacks and moving funds

The US and UK have imposed separate sanctions targeting individuals, companies, and networks involved in Iran's oil sales, financial transactions, and alleged hostile activities. These measures aim to disrupt Iran's oil exports to China and cut off funding for the IRGC, while the UK focuses on shadow banking and destabilizing operations linked to criminal networks.

IndependentAl JazeeraMay 11, 10:25 PM
UK sanctions network accused of planning attacks for Iran

Britain freezes assets and travel for those accused of laundering billions and plotting Iranian-backed hostile activity.