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"Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned five Iran-based entities subordinate to a key element of Iran’s ballistic missile
program," the release said on Thursday. "Shahid Kharrazi Industries, Shahid Sanikhani Industries, Shahid Moghaddam Industries, Shahid Eslami Research Center, and Shahid Shustari
Industries are being designated pursuant to Executive Order (E.O.) 13382 for being owned or controlled by Iran’s Shahid Bakeri Industrial Group (SBIG)." On Wednesday, Vice President
Mike Pence said in an interview that the Trump administration and members of Congress are working on a new set of nuclear and missile-related Iran sanctions that would replace the 2015
nuclear agreement that permits the Islamic republic to resume nuclear weapons development after ten years.