On February 3, 2017, the Office of Foreign Assets Control (“OFAC”) of the U.S. Department of the Treasury added twenty-five individuals and entities to its Specially Designated Nationals (“SDN”) List. According to the White House, these parties “provide support to Iran’s ballistic missile program and to the Islamic Revolutionary Guard Corps’ Quds Force.”

Iran conducted a ballistic missile test on January 29, 2017. In the early morning hours of February 2, President Trump announced via tweet that he was “formally” putting Iran “on notice.” The Trump Administration has declared that the sanctions designations come as a result of that “notice” and “mark yet another stop in our continued effort to aggressively target Iran’s ballistic missile program and terrorism-related activities.”