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The Treasury Department announced new sanctions over Iran missile testing


[UPDATE] 10:30 AM |  More details on the sanctions

The Treasury Department on Friday announced new sanctions on "multiple entities and individuals" involved in support of Iran's ballistic missile program and Iran's Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF).

The Treasury Department said in a statement that they have published a list of 13 people and 12 entities facing new sanctions.

The Treasury Department on Friday will announce new sanctions on Iran following an unauthorized missile test earlier this week. 

 The Trump administration is preparing to levy new sanctions on Iran in the first punitive action since the White House put Iran "on notice" after it test-fired a ballistic missile.

Up to two dozen Iranian individuals, companies and possibly government agencies could be penalized as part of the move, said officials and others with knowledge of the decision.

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