Iranian Satellite Launch Suffered "Catastrophic Failure"

Iranian Satellite Launch Suffered

Iranian Satellite Launch Suffered "Catastrophic Failure"

The U.S. Treasury imposed sanctions on Friday on six subsidiaries of an Iranian company key to Iran's ballistic missile program in response to Tehran's "continued provocative actions", including Thursday's launch of a space launch vehicle.

Mnuchin said the USA will continue to counter Iran's ballistic missile program. Though the newly recertified deal limiting Iran's nuclear program doesn't explicitly bar the development of ballistic missiles, the us considers it a violation of the "spirit" of the deal, State Department spokeswoman Heather Nauert said Thursday.

In addition, foreign financial institutions that facilitate significant transactions for, or persons that provide material or certain other support to, the entities designated today risk exposure to sanctions that could sever their access to the U.S. financial system or block their property and interests in property under the United States jurisdiction.

Six enterprises listed as subsidiaries of the Shahid Hemmat Industrial Group were placed on the USA sanctions list Friday, after what Treasury Secretary Steven Mnuchin described as a "provocative space launch".

The United States accused Iran of flouting a United Nations Security Council resolution by launching its most advanced satellite-carrying rocket to date on July 27.

In another allegation against the USA adversary, Mr Mnuchin said that missile attacks on U.S. partner Saudi Arabia over the weekend by Houthi rebels in Yemen had probably come with the support of Iran.

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Iran's foreign minister Mohammad Javad Zarif responded to the new sanctions by accusing the US of violating the "the letter and spirit" of the nuclear deal.

The US has long accused Tehran of shipping weapons to the Houthis, a Shiite group that controls part of Yemen and is being fought by a Saudi-led coalition.

Each of the six entities is responsible for developing, manufacturing or producing components that can be used in ballistic missiles or launchers, according to OFAC.

Iran said it successfully tested the Simorgh (Phoenix) rocket which it said could put a satellite weighing up to 250 kg (550 pounds) in an orbit of 500 km (311 miles). Iranian official sources state that the rocket has reached orbit.

The penalties reflect an attempt by President Donald Trump's administration to show it is staying tough on Iran even though he has yet to scrap the 2015 nuclear deal, despite threatening to do so as a candidate.

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