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U.S. Announces New Sanctions Targeting Cuba, Iran, Hezbollah Networks

8/21/2026

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US Sanctions
  • On August 20 2026, the United States announced sanctions targeting Cuban entities, Iranian oil and mining sectors, and Hezbollah-linked financial networks.
  • Secretary of State Marco Rubio said ICAP sponsors a subversive network that exploits cultural exchanges tied to Fidel Castro’s 100th birthday.
  • Treasury Secretary Scott Bessent called the Iran sanctions the toughest in history.
  • Hezbollah was redesignated as a proxy and ten individuals, including Yunus Alper Yilmaz, were sanctioned.
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